Cryptocurrency Market Attracts Billions in Investments

The global cryptocurrency market continues to draw significant investor attention, with crypto investment products seeing a substantial increase in funds last week. CoinShares' recent weekly report revealed that crypto funds received a net inflow of $2.19 billion worldwide, pushing year-to-date net inflows to a record $33.5 billion. The surge in inflows aligned with Bitcoin's climb to a new all-time high of $93,477, boosting CoinShare's total assets under management for crypto funds to around $138 billion. US-based funds led the inflows with $2.21 billion, while regions like Hong Kong, Australia, and Canada also contributed. However, Sweden and Germany saw net outflows. Bitcoin products dominated the market, attracting $1.48 billion in net inflows, with a rise in short-Bitcoin investment products. Ethereum products also saw a recovery with $646 million in net inflows globally, reflecting renewed investor confidence amidst market factors like network upgrades and market optimism. Read more AI-generated news on: https://app.chaingpt.org/news