According to CoinShares Research’s report, there was a $1.44 billion inflow into crypto-focused investment products last week. This marked the fifth-largest weekly inflow and brought the total inflows since the beginning of the year to $17.8 billion. Geographically, significant inflows were recorded in the USA, Switzerland, Hong Kong, and Canada. Additionally, Bitcoin and Ethereum attracted substantial investments.
Significant Increase in Crypto-Based Investments
CoinShares Research’s latest report highlights significant movements in crypto-based investment products. The $1.44 billion inflow recorded last week occurred despite price declines, driven by strategic purchases.
The United States leads with a total weekly inflow of $1.3 billion. Switzerland, Hong Kong, and Canada also recorded significant inflows, attracting investor interest. Switzerland broke records in annual inflows, while Hong Kong and Canada received $58 million and $55 million, respectively.
Performance of Bitcoin and Ethereum
Bitcoin saw its fifth-largest weekly inflow in history with $1.35 billion. Short-focused positions in Bitcoin experienced an outflow of $8.6 million. Analysts attribute these dynamics to changes in investor sentiment following sales by the German government and US CPI data.
Ethereum also reached its highest weekly inflow since March with $72 million. This increase is linked to expectations that a spot-based ETF will soon be approved in the United States. Altcoins like Solana, Avalanche, and Chainlink also attracted investor interest, with inflows of $4.4 million, $2 million, and $1.3 million, respectively.
Despite market fluctuations, the bullish trend among investors continues. The resilience of inflows amid price corrections indicates growing confidence and strategic positioning by both institutional and individual investors. Accordingly, the positive sentiment is expected to continue this week, as BTC, the flagship of cryptocurrencies, started the week with a significant rise. At the time of writing, Bitcoin price was trading at $62.87.
