Digital asset management company CoinShares pointed out on Monday that global cryptocurrency investment products continue to rebound, attracting a total of US$1.2 billion last week and showing net inflows for the third consecutive week.
James Butterfill, director of research at CoinShares, said that this is the highest inflow in the past 10 weeks, mainly due to market expectations for dovish monetary policy in the United States and the strong rise in cryptocurrency prices, making the total asset management scale of these funds in It rose 6.2% last week.
Data shows that Bitcoin funds attracted a net inflow of US$1.1 billion last week, becoming the main attraction. Meanwhile, investment products betting against Bitcoin recorded net inflows of $8.8 million. Bitcoin is currently trading at $63,602, down nearly 3% in the past 24 hours, according to OKX quotes.
In last week’s capital inflow situation, U.S. cryptocurrency investment products still dominated the “king of money attracting”, with net inflows of US$1.2 billion, of which US$1.1 billion came from Bitcoin spot ETFs. By comparison, crypto funds in Switzerland saw net inflows of $84 million, while digital asset funds in Germany and Brazil saw net outflows.
Ethereum investment products finally shook off five consecutive weeks of outflows, with global net inflows of $87 million last week, of which U.S. Ethereum spot ETFs accounted for $85 million, marking the largest weekly net inflow since early August.
On the other hand, Solana-related investment products ended a five-week streak of net inflows, with net outflows of $4.8 million last week.
〈Hot money returns! Global cryptocurrency funds "strongly attracted US$1.2 billion in gold last week" This article was first published on "Blocker".
