The post Crypto funds see $103 million weekly inflows appeared on BitcoinEthereumNews.com.

The digital asset investment landscape is witnessing a striking resurgence, with a fresh wave of capital inflow signaling a robust appetite among investors. Last week marked a significant milestone in this upward trajectory, as crypto investment products experienced a collective net inflow of $103 million. This surge in investment is not just a flash in the pan but part of a consistent pattern observed over recent weeks, painting a picture of growing investor confidence in the crypto market. A Closer Look at the Numbers: Bitcoin Leads the Charge Diving into the specifics, Bitcoin (BTC) investment products emerged as the frontrunners, soaking up $87.6 million, a figure that constitutes a whopping 85% of the total inflows. This substantial investment reflects the unwavering faith investors place in Bitcoin as the flagship cryptocurrency. Ethereum (ETH) followed, albeit at a distance, securing $7.9 million in inflows. Solana (SOL), another rising star in the crypto universe, also saw a healthy influx of funds amounting to $6 million. In contrast, not all cryptocurrencies basked in the glow of investor optimism. Litecoin (LTC) and Avalanche (AVAX) faced a minor setback, registering net outflows of $400,000 and $2.6 million, respectively. These figures, though modest, highlight the nuanced and varied investor sentiment across different digital assets. Geographic Trends and Future Outlook Geographically, Germany took the lead in crypto fund inflows, accounting for just over 40% of the total, underscoring the country’s growing prominence in the global crypto finance arena. Canada trailed closely, making up 25% of the inflows, while the United States and Switzerland contributed 20% and nearly 15%, respectively. This influx of funds into crypto products marks a significant turnaround from a period of sustained outflows. The week of September 29 emerged as a turning point, preceding which crypto funds had endured outflows for eight of the preceding…

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Filed under: News - @ December 25, 2023 10:20 pm