CoinShares’ latest report reveals that the crypto sector experienced $3.2 billion in inflows last week, marking the 10th consecutive week of positive flows. This is the longest streak of inflows this year. The inflows bring the total year-to-date flows to $44.5 billion, which is four times higher than any previous annual record.
Bitcoin-related investment products saw inflows totaling $2 billion last week, bringing the total inflows since Donald Trump’s election victory in November to over $11 billion. The strong post-election momentum in Bitcoin ETPs is primarily attributed to optimism around potential regulatory clarity and a more crypto-friendly stance from the incoming US administration.
The US market dominated inflows, contributing $3.1 billion, followed by Switzerland ($36 million), Germany ($33 million), and Brazil ($25 million). CoinShares’ Head of Research, James Butterfill, noted that trading volumes in Bitcoin ETPs averaged $21 billion weekly, accounting for 30% of Bitcoin trading activity on trusted exchanges.
Ethereum maintained its streak of inflows, marking its seventh consecutive week with $1 billion added. Over this period, Ethereum ETPs saw total inflows reach $3.7 billion, underlining improved sentiment. Altcoins also experienced positive momentum. XRP drew $145 million in inflows, fueled by speculation about a potential US-listed ETF.
Meanwhile, Polkadot and Litecoin recorded $3.7 million and $2.2 million in inflows as investors diversified their portfolios.
Source
<p>The post Crypto Sector Sees $3.2 Billion Inflows, Extending Streak to 10 Weeks first appeared on CoinBuzzFeed.</p>
