Growth of inflows into cryptocurrency against the backdrop of economic events in the USA
According to Foresight News, the latest weekly report from CoinShares reveals significant changes in investments in cryptocurrency due to recent economic data from the USA. Initially, a weak employment report led to a capital outflow of 1 billion dollars at the beginning of the week. However, the government's approval of the cryptocurrency 401(k) plan contributed to a recovery, resulting in a total inflow of 1.57 billion dollars and a net weekly inflow of 572 million dollars.
Ethereum ETPs led the inflows with 268 million dollars, raising the total amount since the beginning of the year to a record 8.2 billion dollars, and assets under management (AUM) to the highest level in history at 32.6 billion dollars. This represents a growth of 82%, which is expected by 2025. Bitcoin also regained momentum with 260 million dollars in inflows. Meanwhile, altcoins such as Solana, XRP, and Near recorded inflows of 21.8 million dollars, 18.4 million dollars, and 10.1 million dollars respectively.
