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Digital asset investment products have surged to a new yearly record, amassing over $17.8 billion in inflows, indicating a robust recovery in the crypto market. This milestone surpasses the previous record of $10.6 billion in 2021, with the U.S. leading significant investments, followed by substantial buys in Switzerland. Bitcoin’s substantial investment inflow of $1.35 billion—the fifth-largest weekly record—has propelled its price past the $60,000 threshold.
Amidst overall market enthusiasm, Ether ranks second in investment flows, drawing over $72 million last week alone. This boost is largely driven by the anticipation of the upcoming U.S. spot Ethereum ETF, which is expected to receive final regulatory comments shortly. The investment community remains optimistic about this development, seeing it as a potential game-changer for Ether’s valuation.
Despite some outflows from short Bitcoin-related products, totaling $8.6 million, the prevailing investor sentiment remains bullish. The positive adjustments follow recent price dips attributed to external factors like governmental sales and economic indicators, suggesting a strategic accumulation of digital assets by savvy investors.
