The rapid recovery in financial products for cryptocurrency investments continues. The optimistic atmosphere resulting from the decrease in global geopolitical concerns and the rise in Bitcoin prices increased investors’ risk appetite last week. According to data published by CoinShares, a total net inflow of 1.4 billion dollars was recorded in crypto exchange traded products (ETP) in the 7-day period. This amount exceeded the previous week’s $1.1 billion level and was recorded as the second largest weekly inflow since January.
Strong demand for Bitcoin and Ethereum products
According to data, interest in Bitcoin investment products has reached a record level. Over the past week, $1.12 billion has entered Bitcoin-related products. Spot Bitcoin ETFs, particularly in the US, accounted for a significant portion of this demand, with weekly inflows of around $1 billion. Thus, a total of more than 3 billion dollars has been invested in Bitcoin-related products since the beginning of the year.
On the Ethereum side, 328 million dollars of investment was withdrawn in the last week. This figure, which reached the highest level on a weekly basis since January, showed that ETH-based products have again come into the focus of investors. Net inflows into Ethereum products since the beginning of the year have increased to $197 million.
Mixed picture in altcoins
The situation was different for assets other than Bitcoin and Ethereum. XRP and Solana, two prominent altcoins in terms of market value, completed the week with an outflow in investment products. While the outflow of $56 million in XRP-based products attracted attention, Solana experienced a slight outflow of $2.3 million. Analysts state that this divergence is largely due to investors turning to Bitcoin and Ethereum.
USA is ahead in regional entries and exits
When examined on a regional basis, the United States led the way in crypto investment products. An inflow of 1.5 billion dollars was recorded for US origin products. While Germany ranked second with 28 million dollars, the Swiss market attracted attention with an outflow of 138 million dollars. The total global inflows into crypto investment products since the beginning of the year reached $3.8 billion.
CoinShares stated that inflows have continued consecutively for the last three weeks and the recent volume of $2.7 billion indicates that this momentum continues. Industry experts stated that both the positive atmosphere in geopolitical developments and the jump in Bitcoin price attracted investors to the markets again.
Over the past week, Bitcoin has been on a strong rise, approaching $78,000 on Friday. According to analysts, this move has increased interest in risky assets and strengthened bullish expectations in the crypto market.
The recovery seen in Ethereum products turned the net inflow of this asset during the year into positive again. Experts are of the opinion that ETH’s rising performance in recent weeks has renewed investors’ confidence.
However, the same was not true for all digital assets. Particularly the remarkable rise in XRP showed that investor interest was shifting to Bitcoin and Ethereum focused products.
“US-based spot Bitcoin ETFs attracted nearly $1 billion in investment last week, supporting the rise in the global crypto market.”
