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Title: 10 Weeks in a Row – Here’s How Crypto Investment Products Are Faring These Days
In the latest update from CoinShare, it has been revealed that cryptocurrency investment products have continued to impress, with an astonishing $3.2 billion in inflows recorded for the past week alone. This marks a remarkable tenth consecutive week of positive momentum for digital assets.
The data reveals that Bitcoin-focused investment products were the clear winners, drawing in a staggering $2 billion in new capital. Ethereum-based funds, meanwhile, maintained their upward trajectory by securing an impressive $1.089 billion. It is essential to note that these figures are particularly significant given the recent market fluctuations and uncertainty surrounding the global financial landscape.
In contrast, multi-asset investment products faced significant outflows of $31 million. This striking difference underscores a growing investor preference for single-asset-focused investments in the current market conditions.
From a geographical perspective, the data shows a diverse range of regions participating in the rally. The United States led the charge with an impressive $3.14 billion in inflows, followed closely by Switzerland and Germany, which contributed $35.6 million and $32.9 million respectively. Canada and Australia also demonstrated their commitment to crypto investment, adding $4.9 million and $3.8 million. On a more cautionary note, Sweden witnessed a less-than-ideal $19 million in outflows.
It is undeniable that the cryptocurrency market has continued its positive trajectory across global regions, with a clear preference for single-asset-focused investments being exhibited by investors.
Source: ambcrypto.com
