Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) investment products continue to signal investor confidence, according to a new report showing sustained inflows.
What Happened: The Coinshares report, authored by James Butterfill, reveals a continued trend of positive sentiment in the crypto investment space.
Last week alone saw inflows of $1.35 billion into digital asset investment products, contributing to an impressive three-week run that has accumulated $3.2 billion in total inflows.
This surge in investment coincides with a notable increase in exchange-traded product trading volumes, which rose by 45% week-on-week to reach $12.9 billion.
However, this figure represents a lower-than-usual 22% of the broader crypto market volumes, indicating potential for further growth.
Bitcoin remains the dominant force in these inflows, attracting $1.27 billion last week.
Interestingly, short-Bitcoin ETPs saw outflows of $1.9 million, extending a trend that has resulted in $44 million in outflows since March.
This represents a significant 56% of assets under management (AuM) for these products, highlighting the enduring positive sentiment surrounding Bitcoin since the April halving event.
Ethereum has also shown signs of a resurgence, with inflows of $45 million last week.
This performance has propelled Ethereum to overtake Solana (CRYPTO: SOL) as the altcoin with the most inflows year-to-date, accumulating $103 million.
Solana, while still attracting investor interest with $9.6 million in inflows last week, now trails Ethereum with $71 million in year-to-date inflows.
Other altcoins also saw positive movement, with Litecoin (CRYPTO: LTC) standing out by attracting over $1 million in inflows, specifically $2.2 million for the week.
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Why It Matters: The regional distribution of these inflows presents a mixed picture.
The United States and Switzerland led the charge with significant inflows of $1.3 billion and $66 million respectively.
In contrast, Brazil and Hong Kong experienced minor outflows totaling $5.2 million and $1.9 million respectively.
It's worth noting that while digital tokens are seeing increased investment, blockchain equities are facing challenges.
Despite most ETFs outperforming world equity indices, blockchain equities experienced outflows of $8.5 million last week, indicating a potential divergence in investor sentiment between tokens and related equities.
This surge in digital asset investments comes at a crucial time for the cryptocurrency market, as it continues to mature and attract institutional interest.
The upcoming Benzinga Future of Digital Assets event on Nov. 19 is poised to delve deeper into these trends, offering insights into the factors driving this investment surge and its implications for the future of digital assets.
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デジタルアセット投資の急増は、クリプト市場が成熟し機関投資家を引き付け続ける中で重要な時期になっています。11月19日に予定されているBenzinga Future of Digital Assetsイベントは、これらのトレンドについてより深く掘り下げ、デジタルアセットの将来に対する影響を提供する予定です。
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。