Global crypto investment YTD inflows reach record $14.9 billion driven by Bitcoin ETFs

The cumulative year-to-date inflows into crypto-related concern products person reached a grounds precocious of $14.9 billion, according to according to CoinShares’ play report.

This grounds was achieved pursuing a 3rd consecutive week of inflows that totaled $1.05 cardinal past week. Notably, the ETPs’ trading volumes roseate by 28% to $13.6 cardinal during the reporting period, a important departure from the subdued activities seen successful erstwhile weeks.

Meanwhile, James Butterfill, CoinShares’ caput of research, pointed retired that caller terms increases successful the marketplace person pushed the full worth of assets nether absorption for integer plus ETPs to $98.5 billion.

Positive sentiments

A travel breakdown shows that Bitcoin-related ETPs accounted for 99% of the full inflows, signaling $1.01 cardinal past week. Surprisingly, abbreviated Bitcoin products saw different week of outflows, totaling $4.3 million.

Butterfill explained that the important inflows into BTC ETPs showed affirmative sentiments returning to the market. He wrote:

“[The inflows] suggest that sentiment is turning broadly affirmative contempt the caller terms rises. This is apt owed to investors interpreting the FOMC minutes and caller macro information arsenic mildly dovish.”

Crypto ETPs Flow. (Source: CoinShares)

These affirmative sentiments besides extended to Ethereum-related concern products, which saw their highest inflows astatine $36 cardinal since March. Butterfill stated that these inflows “were apt an aboriginal absorption to the support of ETH ETFs successful the United States.”

Notably, different large-cap integer assets, similar Solana, Chainlink, and Litecoin, recorded cumulative inflows exceeding $10 cardinal during the reporting period.

While sentiments successful the United States look to interaction investors’ interests successful crypto products positively, the aforesaid cannot beryllium said for ETFs successful Hong Kong.

Chart Showing Crypto ETP Flows By Country. (Source: CoinShares)

According to CoinShares, since the archetypal affirmative motorboat of Bitcoin spot-based ETFs successful Hong Kong (which saw $300 cardinal successful the archetypal week), determination person been further outflows of $29 cardinal past week. This brings the full outflows successful the city-state to astir $80 cardinal this month, the highest among countries.

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