Cryptocurrency investment products have continued to see fund inflows for 12 consecutive weeks, reaching an all-time high of approximately 261.72 trillion won (188 billion dollars). Particularly, the single-week inflow last week recorded about 1.4456 trillion won (1.04 billion dollars), reflecting investors' optimistic market sentiment.
According to asset management firm CoinShares, Bitcoin (BTC) related products attracted about 1.0973 trillion won (790 million dollars), remaining at the center of the market. However, the growth rate slowed compared to the previous week, which is analyzed as investors being cautious due to the current price level approaching an all-time high. Accordingly, Bitcoin Short products also saw a small inflow of about 560,000 won (40,000 dollars), showing mixed views on market direction.
In contrast, Ethereum (ETH) continued its inflow for 11 consecutive weeks, with about 314.1 billion won (226 million dollars) flowing in last week. The total inflow over the past year is about 3.9615 trillion won (2.85 billion dollars), showing that Ethereum is attracting funds at a relatively high rate of 1.6% of total managed assets. This is more than double Bitcoin's 0.8%, interpreted as reflecting market expectations for Ethereum.
Among altcoins, Solana (SOL) recorded an inflow of about 30 billion won (21.6 million dollars), XRP about 14.7 billion won (10.6 million dollars), and Sui (SUI) about 2.2 billion won (1.6 million dollars). Chainlink (LINK) and Cardano (ADA) also showed small but steady inflows of about 700 million won (500,000 dollars) and 600 million won (400,000 dollars) respectively. Meanwhile, multi-asset products saw an outflow of about 17.2 billion won (12.4 million dollars), the only net outflow.
Regionally, the United States accounted for most of the weekly fund inflows with about 1.39 trillion won (1 billion dollars). Germany and Switzerland followed with about 53.5 billion won (38.5 million dollars) and 46.8 billion won (33.7 million dollars) respectively. Australia also saw a small inflow of about 5.7 billion won (4.1 million dollars). On the other hand, Canada experienced a net outflow of about 40.7 billion won (29.3 million dollars), Sweden about 26.7 billion won (19.2 million dollars), while Brazil and Hong Kong saw outflows of about 13.5 billion won (9.7 million dollars) and 4.2 billion won (3 million dollars) respectively.
These figures show the recovery of the cryptocurrency market and gradually strengthening global fund flows. Particularly, Ethereum's continuous fund inflow suggests that investors are expecting its technological expandability such as smart contracts. In a situation where the Bitcoin market remains cautious, it is anticipated that institutional investors' diversification strategies will become more active.
Real-time news...Go to Token Post Telegram
<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
