Bitcoin and Ethereum funds reach a record $211 billion, ETF inflows surge

Cryptocurrency investment funds have reached a record total assets under management (AUM) of $211 billion, thanks to a surge in inflows into Bitcoin and Ethereum ETF funds. Last week, these funds attracted $3.7 billion, marking the second-highest inflow week in history.

Record inflows and U.S. dominance

The inflows into the crypto market primarily came from U.S. investors with $3.7 billion. Meanwhile, Germany recorded an outflow of $85.7 million, while Switzerland and #Canada had inflows of $65.8 million and $17.1 million, respectively.

Bitcoin soars, Ethereum still "lags behind"

Bitcoin is holding steady above $121,000, up 15.9% in the past month and doubling in value compared to the same period last year. This indicates a strong and stable upward trend of $BTC , supported by confidence in the spot market rather than excessive leverage.

Meanwhile, Ethereum remains above $3,000 but is still 4.6% lower than the same time last year, despite being boosted by spot funds #ETFEthereum starting to trade in the U.S. in July 2024.

Warning about the potential for a reversal

Despite the current strong uptrend, analysts still warn of a rapid reversal potential if buying pressure decreases. Risk management is necessary as the market approaches levels where profit-taking activities may occur.