The inflows to cryptocurrency investment products in the last three weeks have reached a total of $1.2 billion. New options approved in the US in particular have been the trigger for this positive movement. Bitcoin$BTC

While interest in Ethereum is increasing, a mixed situation is observed in altcoins.

In the last three weeks, inflows to cryptocurrency investment products reached $1.2 billion. One of the biggest reasons for this increase is the expected dovish monetary policy expectations in the US and the strengthening of price movements in this direction. In addition, option approvals for some US-based crypto investment products seem to have increased investor confidence. While total assets under management (AuM) increased by 6.2% last week, trading volume decreased by 3.1%.

Regionally, the US saw the largest inflows at $1.2 billion and Switzerland at $84 million, the latter of which was the highest since mid-2022. However, Germany and Brazil stood out with outflows of $21 million and $3 million respectively.

As Bitcoin and Ethereum Recover, Altcoins Continue to Be in Disarray
While inflows to Bitcoin (BTC) investment products exceeded $1 billion, this flow also provided an inflow of $8.8 million to products that can take short positions. Ethereum, on the other hand, ended its five-week decline series and gave a positive signal with an inflow of $87 million. This was the first time significant inflows have occurred to Ethereum since the beginning of August.

On the other hand, the situation in altcoins is mixed. Solana$SOL

(SOL) was the top loser with $4.8 million in outflows. Litecoin (LTC) and XRP performed positively with $2 million and $800,000 inflows, respectively. However, BNB (BNB) and Stacks (STX) were negatively affected with $1.2 million and $900,000 outflows, respectively.