๐ Weekly Crypto Inflow Hits Record High of $3.85 Billion as Bitcoin, Ethereum, and XRP Shine ๐
Last week, crypto investment products set a historic milestone with $3.85 billion in inflows, per CoinShares. Year-to-date (YTD) inflows now total $41 billion, pushing assets under management (AuM) to $165 billion, surpassing the 2021 record of $83 billion AuM.
๐ฐ Bitcoin Leads the Pack
Bitcoin dominated with $2.5 billion in weekly inflows, bringing its YTD total to $36.5 billion. US-based Bitcoin ETFs like BlackRockโs IBIT and Fidelityโs FBTC contributed significantly, with IBIT recording over $3 billion in inflows. Interestingly, short Bitcoin products also saw modest inflows of $6.2 million, reflecting cautious sentiment among bearish traders.
๐ Ethereum Attracts Strong Demand
Ethereum saw $1.2 billion in inflows, its highest weekly total since the launch of Ethereum ETFs. The two-week inflow streak of $1.3 billion highlights growing demand for Ethereumโs utility and expanding institutional adoption.
๐ XRP Maintains Momentum
XRP drew $134 million in inflows amid optimism surrounding a potential US XRP ETF launch. The token hit a seven-year high above $2, with its market cap reaching $150 billion. However, a 5% pullback brought its price to $2.43 at press time.
๐ Bullish Trends Drive Market Growth
Record-breaking inflows for Bitcoin, Ethereum, and XRP signal strong investor confidence, supported by growing institutional interest and bullish momentum across the crypto market.
