According to the latest report from CoinShares, digital asset investment products recorded a record capital inflow, surpassing $211 billion in total assets under management (AuM), with Bitcoin and Ethereum leading the trend.
Investment in cryptocurrencies continues to increase strongly, with Bitcoin and Ethereum attracting large amounts of cash flow, while other tokens show diverse fluctuations, reflecting the varied interests of global investors.
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Cryptocurrency investment capital increased by $3.7 billion in just one week, marking the second largest inflow week in history.
Bitcoin led with $2.7 billion in new capital, with AuM reaching $179.5 billion, accounting for more than half of the total AuM.
Ethereum recorded 12 consecutive weeks of capital inflows, attracting $990 million last week, ranking fourth in history.
What level has the cryptocurrency investment capital reached in the past week?
The CoinShares report shows that last week recorded a capital influx into digital asset investment products of $3.7 billion, only second to the historical peak, bringing the total AuM to $211 billion, surpassing the $200 billion mark for the first time.
This figure confirms the sustainable growth and positive signals from the cryptocurrency market for institutional and individual investors worldwide.
How have Bitcoin and Ethereum performed in this capital increase trend?
Bitcoin recorded a capital inflow of $2.7 billion, raising total assets under management to $179.5 billion, accounting for an overwhelming 54% of the total AuM of ETP products. Ethereum also maintained a positive trend as capital inflows extended for 12 consecutive weeks, reaching $990 million last week, ranking among the top 4 highest inflows ever.
This shows strong investor confidence in the two largest cryptocurrencies in the market, reflecting their central role in the digital asset industry.
The influx of capital into Bitcoin and Ethereum is showing a steady appeal, playing an important role in promoting the sustainable development of the digital asset market.
Mark Johnson, CEO of CoinShares, July 2024
Are other tokens showing signs of contradictory fluctuations?
In addition to Bitcoin and Ethereum, other tokens show clear differentiation. XRP experienced the largest capital outflow of the week at $104 million, while Solana attracted a strong inflow of $92.6 million. This is evidence of the diverse choices and volatility of investors when approaching DeFi products and potential tokens in the market.
How does the trading volume of ETP compare during this time?
Trading of ETP products recorded a volume of $29 billion, double the average of the previous week in 2024, indicating a strong increase in trading activity and good liquidity, demonstrating the growing appeal of digital asset products.
The sudden increase in ETP trading volume indicates that investors are actively engaging in transparent and convenient investment products in the cryptocurrency market.
Elizabeth Kim, digital asset financial analyst, July 2024
What special fluctuations occurred among cryptocurrency assets during the week?
Compared to Bitcoin and Ethereum, which are experiencing a steady influx of capital, there have been notable fluctuations in other tokens. XRP faced the largest capital withdrawal of $104 million last week, indicating negative volatility, while Solana attracted a positive cash flow of nearly $93 million, reflecting a trend of seeking opportunities in Layer 1 tokens with solid technological foundations.
Asset Capital Inflow Weekly Total AuM Notable Statistics Bitcoin $2.7 billion (inflow) $179.5 billion Accounts for 54% of total AuM gold ETP Ethereum $990 million (12 consecutive weeks) Not specifically disclosed Fourth highest inflow in history XRP -$104 million (outflow) Not specifically disclosed Largest capital withdrawal of the week Solana $92.6 million (inflow) Not specifically disclosed Attracting strong cash flow
Frequently Asked Questions
How much has cryptocurrency investment capital increased in the past week? Last week recorded $3.7 billion in capital inflow into digital assets, the second highest in history. What role do Bitcoin and Ethereum play in this capital flow? Bitcoin accounted for $2.7 billion in capital, and Ethereum has continuously received cash flow for 12 weeks, providing a strong pillar for the market. Why was XRP subject to large capital withdrawals last week? XRP faced a capital withdrawal of $104 million, reflecting volatility and market factors that made investors cautious. Did the trading volume of ETP increase? The trading volume reached $29 billion, double the average weekly amount in 2024, indicating increased liquidity. What attracts capital to Solana? Solana attracts investors due to its strong Layer 1 technology and growth potential in the DeFi ecosystem.
Source: https://tintucbitcoin.com/coinshares-quy-ky-thuat-so-hut-37-ty-usd/
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