🚀CoinShares Report: Bitcoin ETF welcomed over $3 billion last week, with net inflows reaching an all-time high!
As the price of Bitcoin approaches the $100,000 mark, weekly inflows into digital asset investment products soared to $3.124 billion!
Last week, Solana led the way with $16.2 million in inflows, far exceeding Ethereum's $2.8 million in net inflows. The entire digital asset investment market is also thriving, attracting nearly $3.13 billion in a single week, bringing the total investment amount since mid-September (when the U.S. began cutting interest rates) to $15.2 billion!
So far this year, inflows into cryptocurrencies have skyrocketed to $37 billion, surpassing the initial $309 million in the first year of the U.S. gold ETF. Among them, Bitcoin ETF's annual inflow reached nearly $34.4 billion, accounting for over 90% of the entire cryptocurrency market's annual inflows!
Despite the bullish outlook for Bitcoin, short-selling investments have also significantly increased, with weekly inflows reaching $10 million. This month, inflows into Bitcoin short products hit $58 million, the highest monthly total since August 2022.
Meanwhile, other altcoins also have good news, with XRP, LTC, and Chainlink seeing inflows of $15 million, $4.1 million, and $1.3 million, respectively. Cardano is also holding its own, attracting $700,000 in inflows.
However, multi-asset investment products (stocks, bonds, commodities, real estate, different currencies, and various alternative investments) haven't been so fortunate, with outflows for the second consecutive week, totaling $10.5 million exiting the market.
In terms of countries and regions, the U.S. attracted $3.2 billion last week, while Sweden, Germany, and Switzerland saw some pullback after the price surge. Brazil also experienced outflows totaling $12.5 billion. However, Canada, Hong Kong, and Australia brought good news, with inflows of nearly $31 million, nearly $30 million, and $9 million, respectively.
💬 What are your thoughts on the current hot digital asset investment market? Do you prefer to invest in Bitcoin or other digital assets? What insights do you have regarding the differences in investment performance across different countries and regions?
