Global Cryptocurrency Investment Products See Inflows for 4 Consecutive Weeks

Global cryptocurrency investment products have seen net inflows for four consecutive weeks, reaching a cumulative net inflow of $6.7 billion compared to the beginning of the year.

On the 5th (local time), CoinShares reported that "last week, $882 million (1.2533 trillion KRW) flowed into cryptocurrency investment products, marking four consecutive weeks of net inflows." They further analyzed, "The cumulative net inflow compared to the beginning of the year is close to this year's peak of $7.3 billion, reaching $6.7 billion," and noted that "the increase in global money supply and stagflation risks have acted in combination."

By asset, Bitcoin (BTC) products recorded a net inflow of $867 million, ranking first. Sui (SUI) products saw $11.7 million inflow, ranking first among altcoins. In the case of Ethereum (ETH), despite the recent price increase, only $1.5 million was inflowed. On the other hand, Solana (SOL) saw a net outflow of $3.4 million.

By country, the inflow trend from the United States was strong. Approximately $840 million was net inflowed from U.S.-based cryptocurrency products, followed by Germany and Australia with $44.5 million and $10.2 million, respectively. On the contrary, Sweden and Canada saw net outflows of $12 million and $8 million, respectively, and Hong Kong also saw $4.3 million outflow.

Meanwhile, since the launch of the Bitcoin spot ETF in January last year, the cumulative net inflow has reached $62.9 billion, surpassing the previous peak of $61.6 billion recorded in February.