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Digital asset investment products have maintained an impressive streak with inflows reaching $3.2 billion last week, marking the tenth consecutive week of positive movement. This year’s cumulative total of $44.5 billion has set a new record, dwarfing figures from previous years. Notably, Exchange Traded Products (ETPs) contributed significantly, representing 30% of all Bitcoin traded on reputable exchanges.
Globally, investment sentiment remains bullish, as evidenced by consistent inflows across various regions including the US, Switzerland, Germany, and Brazil, which collectively accounted for nearly $3.2 billion. Bitcoin investment products alone attracted $2 billion, pushing the total since the US election to an impressive $11.5 billion. Additionally, the rising interest in short Bitcoin positions, following recent price surges, added another $14.6 million.
The optimism extends beyond Bitcoin. Ethereum has seen seven weeks of continuous inflows, totaling $1 billion during this period, signifying a robust improvement in market sentiment. Other cryptocurrencies like XRP also experienced substantial gains, with $145 million inflows, fueled by the anticipation of a US-listed ETF, while Polkadot and Litecoin recorded inflows of $3.7 million and $2.2 million, respectively.
