The post 10 weeks in a row – Here’s how crypto investment products are faring these days appeared on BitcoinEthereumNews.com.
Crypto investment products saw $3.2 billion in inflows last week, pushing total assets to $44.5 billion Bitcoin led with $2 billion in inflows – Ethereum maintained momentum with $1 billion last week. Cryptocurrency investment products have maintained an impressive streak lately, recording over $3.2 billion in inflows this past week. This marked their tenth consecutive week of positive momentum. This surge has pushed the total assets under management to an impressive $44.5 billion, as per CoinShare’s recent report. How did the leading cryptocurrency perform? As expected, Bitcoin [BTC] investment products remained dominant, attracting over $2 billion in inflows. Ethereum [ETH]-focused products followed closely, securing $1.089 billion and contributing to a year-to-date total of $4.44 billion. The steady influx highlighted a growing investor appetite for digital assets, signaling increasing confidence in the cryptocurrency market amidst shifting financial landscapes. Were altcoins able to give a good competition? Ethereum maintained its upward trajectory, marking its seventh consecutive week of inflows and accumulating $3.7 billion during this period, with $1 billion added last week. Among other altcoins, XRP stood out, recording $145 million in inflows as optimism grew around a potential U.S.-listed ETF. Further boosting sentiment was Ripple’s stablecoin RLUSD, which recently gained approval from New York’s financial regulator. This can be interpreted to be a sign of increasing institutional confidence in alternative digital assets. Additionally, Litecoin attracted $2.2 million, while Cardano [ADA] and Solana [SOL] saw inflows of $1.9 million and $1.7 million, respectively. For their part, Binance Coin and Chainlink secured modest inflows of $0.7 million each. Despite these gains, however, multi-asset products faced setbacks, recording $31 million in outflows. This underlined the evolving investor preference for single-asset-focused investments. Country-wise analysis Here, it’s worth pointing out that the cryptocurrency market continued its positive momentum across global regions, with inflows recorded in the…