Bitcoin: $188 billion record – crypto market hotter than ever
The unstoppable trend in digital currencies continues. Investors continue to pump massive amounts of money into crypto investment products. Last week, another $1.04 billion flowed into the sector. This marks the twelfth consecutive week of inflows, according to the latest report from asset manager CoinShares.
Total assets under management (AUM) in crypto products climbed to a new all-time high of an impressive $188 billion. Since the beginning of the current wave in April, inflows have totaled a whopping $18 billion. Weekly trading volume also remains high at $16.3 billion.
US investors remain on a buying spreeThe driving force behind the boom remains investors from the United States. $1 billion of this week's inflows alone came from the US. Leading the way are the spot Bitcoin ETFs of financial giants BlackRock, Fidelity, and ARK.
Germany and Switzerland followed, with inflows of $38.5 million and $33.7 million, respectively. The picture was different in Canada and Brazil, where investors cashed in with outflows of $29.3 million and $9.7 million, respectively.
Bitcoin products recorded positive inflows for the fourth consecutive week, attracting $790 million. However, this figure is below the previous three-week average of $1.5 billion. James Butterfill, Head of Research at CoinShares, believes this could be the first sign of a slowdown.
“The slowing inflows suggest that investors are becoming more cautious as Bitcoin approaches its all-time high,” the analyst said on Monday.
Ethereum: The secret winner?While Bitcoin's momentum is slowing slightly, Ether is outperforming expectations. Ethereum-based funds recorded inflows for the eleventh consecutive week, raising $226 million. Over this period, weekly inflows into Ethereum averaged 1.6 percent of assets under management—double the 0.8 percent for Bitcoin. This indicates a steady shift toward the second-largest crypto asset, according to CoinShares.
The crypto sector continues to demonstrate impressive strength. The sustained capital inflows and record assets of $188 billion speak volumes: interest from institutional and private investors remains unwavering. Investors remain on board.
For those who don't want to create a wallet but still want to invest in Bitcoin or Ethereum, the "Bitcoin Direct ETP" or "Ethereum Direct ETP" from NxtAssets is the perfect solution. This makes investing in Bitcoin as easy as buying a share. Learn more here.
Note on conflicts of interest The board member and majority shareholder of the publisher Börsenmedien AG, Mr. Bernd Förtsch, has directly and indirectly taken positions in the following financial instruments or derivatives related to them mentioned in the publication, which can benefit from any price development resulting from the publication: Bitcoin - United States Dollar, Ethereum - United States Dollar.
nxtAssets GmbH, in which Börsenmedien AG holds a direct stake, is the issuer of the financial product: nxtAssets Bitcoin direct ETP, nxtAssets Ethereum direct ETP.
deraktionaer.de
