There are notable developments in cryptocurrency asset investment products this week. It has witnessed the most significant inflow in over a year and a half since July 2022. Accordingly, it witnessed significant inflows reaching a total of $326 million. This increase in investments is attributed to growing optimism among investors awaiting the approval of a spot-based Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). It is noteworthy that monthly inflows reach almost half a billion dollars. On the other hand, this situation shows that interest in the digital asset market is increasing.
The majority of funds are transferred to the cryptocurrency Bitcoin
The vast majority of these funds, approximately 90%, flowed into a cryptocurrency. Accordingly, Bitcoin collected a total of 296 million dollars. However, the recent increase in Bitcoin prices has attracted attention. Accordingly, it highlights various strategies that investors use to take advantage of market trends. It also encourages $15 million inflows into short-focused Bitcoin investment products. It’s clear that Bitcoin remains a primary focus for investors. However, they are also exploring alternative investment products to maximize returns.
This wave of optimism translated into significant investments in other cryptocurrencies, especially Solana, which saw an inflow of $24 million. Investments in various altcoins are increasing. On the other hand, let us point out that this positive atmosphere is not reflected in Ethereum. During this period, a total outflow of 6 million dollars was experienced.
Regional situation
Regionally, only 12% of the $38 million in inflows originated in the United States. It is believed that US investors are cautiously waiting for the approval of a spot-based Bitcoin ETF before making significant investments. There are investments from Canada, Germany and Switzerland. It witnessed the most significant inflows of $134 million, $82 million and $50 million respectively. Asia, in particular, recorded the highest weekly inflow, reaching $28 million. These regional trends highlight the global appeal and interest in cryptocurrencies-focused assets.
Total assets under management (AUM) for digital asset investment products now stands at $37.8 billion. Accordingly, it represents the highest figures recorded since May 2022. This significant growth indicates that the digital asset market is maturing. Additionally, when we look at Kriptokoin.com, it shows that it is increasingly integrated into traditional investment portfolios. The current weekly inflow is the 21st largest on record. Additionally, the upcoming approval of a spot-based Bitcoin ETF is expected to be a game changer in the industry’s regulatory landscape, providing new opportunities for investors and further solidifying the role of digital assets in the financial sector.
To be informed about the latest developments, follow us Twitter’in,Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.