According to Foresight News, CoinShares' latest weekly report reveals significant shifts in cryptocurrency investments due to recent U.S. economic data. Initially, a weak employment report led to a $1 billion outflow at the start of the week. However, the approval of a 401(k) cryptocurrency plan by the government spurred a rebound, resulting in a total inflow of $1.57 billion and a net weekly inflow of $572 million.
Ethereum ETPs led the inflows with $268 million, pushing the year-to-date total to a record $8.2 billion and assets under management (AUM) to an all-time high of $32.6 billion. This marks an 82% growth expected by 2025. Bitcoin also regained momentum with $260 million in inflows. Meanwhile, altcoins such as Solana, XRP, and Near saw inflows of $21.8 million, $18.4 million, and $10.1 million, respectively.
