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Digital Asset Investments Record $3.7B in Inflows: Second-Highest in History
Digital asset investment products recorded a staggering $3.7 billion in inflows last week, marking the second-largest weekly inflow ever seen. According to recent reports, this significant influx of capital has driven total assets under management (AuM) across crypto investment vehicles to a record high of $211 billion.
The data highlights that Bitcoin led the charge with an impressive $2.7 billion in inflows, while Ethereum posted its fourth-largest week on record with a notable $990 million. This marks a significant milestone for the cryptocurrency market, as Ethereum has now seen 12 consecutive weeks of inflows, which collectively account for 19.5% of its total AuM. In contrast, Bitcoin’s AuM has hit an astonishing $179.5 billion, surpassing that held in gold-backed exchange-traded products (ETPs).
Furthermore, ETP trading volumes have surged to a record-breaking $29 billion last week, more than double the weekly average, as Bitcoin reached a new all-time high of $123,091.61 and surpassed Amazon, Silver, and Alphabet in market capitalization.
Source: www.coinspeaker.com
