Global crypto investment products set a new record with incoming funds reaching US$17.8 billion (around Rp288.3 trillion) based on the year-to-date (YTD). This figure surpasses the previous achievement in 2021 of US$10.6 billion (Rp171.7 trillion).
Highlights:
Weekly Fund Flow: US$1.44 billion (Rp23.3 trillion) last week despite the crypto market decline.
Top Contributing Countries: US (US$1.3 billion), followed by Switzerland, Hong Kong, and Canada.
Trading Volume: Relatively low at US$8.9 billion compared to this year's weekly average of US$21 billion.
Bitcoin and Ethereum Lead Inflow:
Bitcoin: Fifth largest weekly inflow at $1.35 billion.
Short-Bitcoin: Largest weekly outflow since April 2024 at $8.6 million.
Ethereum: Inflows of US$72 million, the largest since March 2024, were driven by anticipation of a spot Ether ETF approval in the US.
Other Altcoins:
Solana: US$4.4 million
Avalanche: US$2 million
Chainlink: US$1.3 million
Ether Spot ETF Anticipation:
Ether Spot ETF Launch: Expected on July 23, 2024 with initial approval from SEC for BlackRock, Franklin Templeton, and VanEck.
Disclaimer: This content is provided for general information and reference only and is not a suggestion or investment advice. Cryptocurrency trading involves risks that can result in losses or loss of funds. Please do your research thoroughly before investing.
