Bitcoin and Ethereum-based fund inflows saw a new record break last week. CoinShares‘ most recent Digital Asset Fund Flows Weekly Report reveals that record weekly inflows of $2.45 billion were made into Bitcoin and Ethereum products. A recent upsurge in investor sentiments has boosted the capital influx in major cryptocurrency-related assets. Additionally, investors are now wondering whether this spike in inflows will fuel an impressive rally in Bitcoin and Ethereum prices.
Bitcoin and Ethereum See Skyrocketing Inflows
The weekly inflows into digital asset investment products were $2.45 billion, making it stand at an all-time high level. Additionally, the year-to-date inflows for crypto-based products stand at an astounding $5.2 billion. These inflows have caused the total assets under management (AUM) to reach $67 billion, the highest level since December 2021, along with recent positive price movements.
The CoinShares report further highlights that over 99% of the inflows went i
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