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Title: Geopolitics Can’t Stop Crypto — Weekly Fund Inflows Soar to $1.9 Billion
Geopolitical tensions and market uncertainty have failed to deter investors from pouring funds into the cryptocurrency space, with weekly inflows reaching a staggering $1.9 billion. This development marks a new all-time high for crypto-focused investment products, underscoring the resilience of digital assets in the face of global events.
As global markets reel from Iran’s conflict with Israel, which saw over 150 ballistic missiles and more than 100 drones exchanged between the two nations, investors have not only weathered these developments but are actually doubling down on their crypto investments. This remarkable trend indicates that market participants remain optimistic about the long-term potential of digital assets.
According to a recent report from James Butterfill, Head of Research at CoinShares, a staggering $1.9 billion flowed into crypto investment products last week, setting a new all-time high for weekly inflows. Furthermore, this notable milestone marks the ninth consecutive week of inflows, with year-to-date inflows now surpassing the remarkable sum of $13.2 billion.
Institutional interest has been particularly striking in Bitcoin and Ethereum. The flagship cryptocurrency, Bitcoin, attracted an impressive $1.3 billion in fresh investments, demonstrating a strong vote of confidence from investors in this asset’s potential for long-term growth. Interestingly, even short-Bitcoin products, which are designed to profit when the value of BTC drops, saw a small but significant influx of capital, totaling $3.7 million. This remarkable trend highlights the fact that most investors remain steadfastly bullish on Bitcoin, seeing it as an attractive opportunity for investment.
Ethereum has also received substantial attention from institutional players, with inflows reaching a staggering $583 million. Notably, this represents the highest level of Ethereum-specific capital influx since February and is reflective of growing interest in this asset’s potential for growth.
In a surprising turn of events, altcoins have not been left behind. Ripple (XRP) has seen renewed interest, attracting an impressive $11.8 million in inflows, while Sui, a newcomer to the market, secured $3.5 million in capital inflows, further underscoring the space’s resilience.
It is noteworthy that European countries have joined the fray, with Germany and Switzerland contributing significant sums of money, and Canada not far behind. In stark contrast, markets in Hong Kong and Brazil exhibited unusual outflows, a rare trend in the face of geopolitical uncertainty.
In light of these extraordinary events, it becomes clear that global investors are steadfastly committed to their crypto assets, even in the face of escalating global tensions.
Source: www.crypto-news-flash.com
