10 weeks in a row – Here’s how crypto investment products are faring these days

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  • Crypto investment products saw $3.2 billion in inflows last week, pushing total assets to $44.5 billion
  • Bitcoin led with $2 billion in inflows – Ethereum maintained momentum with $1 billion last week.

As a seasoned analyst with years of experience navigating the ever-evolving world of finance, I must admit, this recent surge in cryptocurrency investment products has been nothing short of intriguing. With ten consecutive weeks of positive momentum and a staggering $3.2 billion influx last week alone, it’s clear that digital assets are capturing the attention of investors like never before.

In the past week, cryptocurrency investment products have seen a significant surge, bringing in more than $3.2 billion. This is the tenth week in a row that these investments have shown positive growth.

As a crypto investor, I’m thrilled to see that this latest surge has propelled our collective assets under management to an astounding $44.5 billion, according to the latest report from CoinShare.

How did the leading cryptocurrency perform?

Just as anticipated, Bitcoin (BTC) investment items continued to lead the pack, amassing approximately $2 billion in investments. Products centered around Ethereum (ETH) came in second, gathering $1.089 billion and adding to a year-to-date total of $4.44 billion.

As a researcher, I’ve noticed a consistent surge in interest from investors towards digital assets, which I interpret as a rising confidence in the cryptocurrency market. This trend emerges against the backdrop of evolving financial terrains, suggesting that investors are increasingly bullish about the future of digital currencies.

Were altcoins able to give a good competition?

During the past seven weeks, Ethereum has steadily risen, experiencing an inflow every week totaling approximately $3.7 billion. Last week alone, it saw an additional investment of around a billion dollars.

In the sea of alternative cryptocurrencies, it was XRP that particularly caught attention, with an influx of approximately $145 million, fueled by increasing enthusiasm about a potential ETF being listed in the United States.

Ripple‘s stablecoin, RLUSD, received approval from New York’s financial authority, indicating growing institutional trust in alternative digital currencies. In simpler terms, this approval suggests that more institutions are becoming confident about these types of digital assets.

As an analyst, I’d like to highlight the following investment trends in the crypto market: Litecoin (LTC) received approximately $2.2 million, while Cardano [ADA] and Solana [SOL] each drew in around $1.9 million and $1.7 million respectively. Binance Coin (BNB) and Chainlink (LINK) saw more modest inflows of about $0.7 million each.

Although there were some advancements, multi-asset investments encountered obstacles, resulting in a net outflow of $31 million. This underscores the shifting trend among investors toward investments that focus on a singular asset class.

Country-wise analysis

Here, it’s worth pointing out that the cryptocurrency market continued its positive momentum across global regions, with inflows recorded in the U.S. leading the charge with $3.14 billion.

In this case, the countries Switzerland, Germany, Brazil, Hong Kong, Canada, and Australia each contributed significant amounts of money. Switzerland and Germany provided inflows of approximately $35.6 million and $32.9 million respectively, while Brazil contributed a solid sum of around $24.7 million. Additional support came from Hong Kong with an amount of about $9.7 million, Canada with $4.9 million, and Australia with just over $3.8 million.

On the contrary, Sweden bucked the trend, noting $19 million in outflows. 

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2024-12-18 13:11