Cryptocurrency investment surges, competition between Bitcoin and gold intensifies,

The cryptocurrency investment sector has crossed a major milestone, with weekly investment increasing by $3.7 billion, according to the latest report from CoinShares,

This figure is the second-largest weekly investment on record in crypto funds, bringing the total investment since the beginning of the year to $22.7 billion,

According to the report, the third-largest daily investment record was set on July 10, which shows a significant increase in investor confidence,

Due to this investment, total assets under management under crypto assets have crossed the $200 billion mark for the first time, reaching $211 billion,

The trading volume of exchange-traded products (ETPs) has also doubled to $29 billion, reflecting the growing popularity of the sector and the interest of institutional investors.

Bitcoin continues to dominate the market, attracting $2.7 billion in weekly inflows, bringing its assets under management to $179.5 billion.

This amount is equivalent to 54% of gold exchange-traded products, indicating a potential shift in investor behavior towards digital assets.

Long-term Bitcoin products saw increased investment, while short Bitcoin ETPs saw less activity, indicating a confident attitude in the market.

Ethereum also attracted $990 million in inflows, its twelfth consecutive week of growth.

Overall, Ethereum assets have increased by 19.5% in the past three months, significantly higher than Bitcoin’s 9.8%, and its growth is being attributed to its staking upgrades and developments in decentralized finance.

Economically, the US saw the largest inflows of $3.7 billion, while Germany saw outflows of $85.7 million.

Switzerland and Canada saw inflows of $65.8 million and $17.1 million, respectively.

Solana saw inflows of $92.6 million, while XRP saw outflows of $104 million, the largest outflow of the week.

The report shows that crypto asset investment is entering a new phase, where institutional investment and market participation are accelerating.

Bitcoin has crossed a new high of $123,000, while ETH, XRP and SOL have also shown increases of more than 10% in the past week, indicating the strength and growing interest in the sector.