based on material from the site - By BH NEWS
In the latest weekly report from CoinShares, a well-known European asset management company, "Digital Asset Fund Flows Weekly," a remarkable surge in cryptocurrency investments is reported. The report highlights that a record amount of funds—$4.39 billion—was invested in cryptocurrency-based investment products in just one week. This amount sharply increased the annual inflow of funds to an impressive $27 billion, with assets under management currently totaling $220 billion. Notably, the U.S. accounted for a staggering $4.36 billion of this influx, with Ethereum leading the charge, absorbing $2.12 billion.
Investments in Ethereum reached an impressive $2.12 billion, nearly doubling the previous peak of $1.2 billion. Ethereum continues a 13-week streak of investment inflows, currently managing 23% of the total assets. Since January, the total net inflow of funds into Ethereum-based investment platforms has risen to an impressive $6.2 billion, making it the most traded cryptocurrency investment of the week.
Following closely is Bitcoin with an inflow of $2.2 billion, which accounts for over half of the trading volume in this sector. Despite Ethereum's dominance, other altcoins also attracted significant investments. Solana attracted $39.1 million, XRP—$36.1 million, while lesser but still notable investments were directed towards Sui, Chainlink, and Cardano. This activity has led to a record trading volume for cryptocurrency investment products of $39.2 billion.
What contributes to the dominance of the U.S.?
A staggering 99% of the inflow of funds for the week came from the U.S., confirming its crucial role in shaping global trends in cryptocurrency investments. While Switzerland, Hong Kong, and Australia recorded growth, Brazil and Germany reported a modest outflow of funds.
The increase in demand significantly boosted trading volumes for American cryptocurrency ETFs, bringing the trading volume for cryptocurrency investments close to $40 billion—an all-time high.
The significant increase in demand for digital assets is undoubtedly changing trader behavior. Key points include:
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Bitcoin and Ethereum maintained their leadership as primary investment directions.
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Solana and XRP demonstrated high potential for alternative investments, attracting significant funds.
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The influence of the U.S. on global fund inflows continues to be substantial.
This significant inflow of funds into cryptocurrency markets not only reflects growing investor confidence but also underscores the changing landscape of asset management, where traditional boundaries are constantly being questioned. Ethereum's leading position amidst this growth further solidifies its standing in the space.
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