
Digital asset investment products recorded $3.7 billion in inflows last week, marking the second-largest weekly inflow ever seen in history.
The surge in investments is a testament to the growing interest in digital assets and their increasing appeal as an attractive asset class. The total assets under management (AuM) across crypto investment vehicles rose to a record high of $211 billion, driven largely by Bitcoin’s monumental rally above the $120K resistance level.
Bitcoin led the charge with an impressive $2.7 billion in inflows, while Ethereum also saw significant growth, posting its fourth-largest week ever at $990 million. This comes as no surprise given Ethereum’s consistent 12-week streak of positive flows.
It is clear that investors are flocking to these digital assets en masse, seeking returns and diversification opportunities unavailable in traditional markets.
XRP, on the other hand, saw a significant outflow of $104 million, indicating profit-taking or rotation out of the token.
Source: www.coinspeaker.com