The post Digital Asset Investment Products Saw The Largest Weekly Inflow With $3.12B appeared on BitcoinEthereumNews.com.

Key Points: Digital asset investment products saw a historic weekly inflow of $3.13 billion, pushing YTD inflows to $37 billion, driven primarily by Bitcoin. Solana outpaced Ethereum with $16 million in weekly inflows, while XRP, Litecoin, and Chainlink also attracted significant investments. Digital asset investment products recorded their largest weekly inflows on record, totalling $3.13 billion. Read more: LQR House Bitcoin Investment Expands With $1M In Treasury Reserve  Digital Asset Investment Products Reach Record $3.13 Billion Weekly Inflows The surge now brings the total inflows of digital asset investment products since mid-September, a period when the U.S. initiated interest rate cuts, to $15.2 billion. Overall, year-to-date inflows have reached a record $37 billion, driven mostly by Bitcoin and beating U.S. gold ETFs’ first-year performance of $309 million. The U.S. market accounted for the lion’s share, with inflows reaching $3.2 billion, thereby offsetting outflows from Germany, Sweden, and Switzerland, which were dominated by profit-taking after recent price highs. These countries saw outflows of $40 million, $84 million, and $17 million, respectively. Meanwhile, Australia, Canada, and Hong Kong were positive at $9 million, $31 million, and $30 million in inflows, respectively. Altcoins Shine as Bitcoin Dominates Investments Bitcoin was the leader, with flows of $3 billion. The increasing price of bitcoin did encourage short-Bitcoin investment products, which for the week saw inflows of $10 million and for the month flows of $58 million, the strongest since August 2022. Meanwhile, Solana was head and shoulders above Ethereum last week, with inflows of $16 million compared to $2.8 million for the latter. On a YTD basis, however, Solana remains significantly behind. Lastly, some other altcoins also saw weighty investments: XRP gathered $15 million, Litecoin accumulated $4.1 million, and Chainlink pulled in $1.3 million. Multi-asset investment products continued to suffer this week, with outflows totaling…

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Filed under: News - @ November 25, 2024 2:20 pm