Digital asset investment products continue bullish trend with sixth week of inflows, totaling $261 million and surpassing last year's total by over $30 million
a substantial surge in capital inflows into cryptocurrency funds. For the sixth consecutive week, digital asset investment products have amassed inflows, this time amounting to $261 million.
This influx has brought the total for the past six weeks to $767 million. This figure eclipses the $736 million seen throughout the entire year of 2022. The current streak of investment enthusiasm matches levels last observed in July 2023 and stands as the most pronounced since the bull market's zenith in December 2021.In contrast, short-Bitcoin investments, which bet against the currency's value, have also seen a smaller, yet notable, inflow of $4.5 million, indicating that some investors are skeptical about the sustainability of the recent price rally.has witnessed its most substantial inflows since August 2022, amounting to $17.
This is an inflection from prior trends and may reflect a growing appetite for digital assets within the region. and Switzerland, along with Canada, continue to display steady investment, contributing inflows of $63 million, $36 million and $9 million, respectively. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.
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