Editor's PiCK

Last week, global virtual asset investment products saw a net inflow of $3.75 billion—4th largest on record

Source
Son Min

Summary

  • Last week, global virtual asset investment products saw a net inflow of $3.75 billion, recording the fourth largest weekly inflow in history.
  • Ethereum (ETH) products marked the highest net inflow of $2.87 billion, breaking weekly and year-to-date records.
  • The United States alone accounted for about $3.73 billion of net inflow—99% of all inflows—while some countries experienced net outflows.

Last week, global virtual asset (cryptocurrency) investment products recorded an inflow of $3.75 billion (₩5,196.8 billion), marking the fourth largest inflow ever.

On the 18th (local time), CoinShares reported, "Last week, virtual asset investment products saw an inflow of $3.75 billion, which is the fourth largest weekly inflow on record," adding, "This is a strong rebound surpassing several weeks of weak inflows." The report also stated, "Assets under management (AUM) of global virtual asset investment products reached $244 billion, hitting an all-time high."

By asset, Ethereum (ETH) products ranked first with a net inflow of $2.87 billion. The report noted, "This is an all-time high for weekly inflows, accounting for 77% of total product inflows," and added, "Year-to-date inflows also reached $11 billion, setting a new record."

Bitcoin (BTC) products came in second with $552 million of inflow. The report stated, "Bitcoin saw a relatively smaller amount of capital inflow," and added, "Short (sell) Bitcoin products recorded an inflow of $4 million."

Major altcoins also performed well. XRP and Solana (SOL) saw net inflows of $125.9 million and $176.5 million, respectively. On the other hand, Litecoin (LTC) and The Open Network (TON) experienced outflows of $4 million and $10 million, respectively.

By country, the United States led the inflows. U.S.-based virtual asset products alone saw a net inflow of about $3.73 billion, accounting for 99% of the total. Canada, Hong Kong, and Australia saw inflows of $33.7 million, $20.9 million, and $12.1 million, respectively. In contrast, Sweden and Brazil experienced net outflows of $49.9 million and $10.6 million, respectively.

publisher img

Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
What did you think of the article you just read?