Global cryptocurrency inflows surge by $3.4 billion, is a bull market approaching?
Last week, global cryptocurrency investment products attracted $3.4 billion in inflows, marking the largest record since December last year and becoming the third-highest weekly inflow in history.
The research director pointed out that investors are turning to digital assets as a hedge due to concerns about corporate profits being affected by tariffs and the devaluation of the dollar. The assets under management of global cryptocurrency funds have reached $132 billion.
Bitcoin funds led the inflows, with a net inflow of $3.2 billion last week, of which the U.S. Bitcoin spot ETF attracted over $3 billion, setting a new high in five months. Ethereum-related products also showed signs of recovery, recording an inflow of $183 million, ending eight weeks of outflows.
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