In a remarkable week for the crypto market, investment products registered a staggering $2.7 billion in inflows, marking a new weekly record and propelling the year-to-date total to $10.3 billion, nearing 2021’s all-time high. Bitcoin led the charge, attracting $2.6 billion in inflows, contributing to a total Assets under Management (AUM) of over $94 billion, an 88% increase since the year began.

Trading turnover for digital assets surged to a new high of $43 billion, reflecting a 14% increase in AUM over the past week. Despite recent short positions in Bitcoin, investment in the leading cryptocurrency persists, with Solana rebounding from negative market sentiment to secure $24 million in inflows. Meanwhile, Ethereum experienced minor outflows, and altcoins like Polkadot, Fantom, Chainlink, and Uniswap saw notable inflows. The US led the regional distribution of inflows with $2.8 billion, followed by Switzerland and Brazil. However, some countries like Canada, Germany, and Switzerland realized profits, resulting in minor outflows.

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