The Shift Towards Crypto Asset Investment Funds Continues with New Records

Cryptocurrency investment products experienced a total inflow of $270 million last week. This year, total flows reached a new record level of $37.3 billion. In particular, a significant inflow of $266 million was recorded, largely due to the focus in the United States. Notable inflows of $12.3 million and $39 million were also observed in Germany and Hong Kong, respectively.

According to CoinShares data, Bitcoin saw an outflow of $457 million for the first time since early September this year. Analysts believe that the profit-taking trend is influenced by Bitcoin approaching the psychological level of $100,000.

Strong inflows into Ethereum and XRP-based funds were also noted. Ethereum-based funds saw an inflow of $634 million, marking a remarkable turnaround in investor interest. This year, a total inflow of $2.2 billion set a new record, surpassing the previous high of $2 billion in 2021. The positive momentum in Ethereum has generated great excitement among investors.

XRP funds also experienced a notable increase with an inflow of $95 million. This influx is thought to result from the excitement surrounding a potential U.S. ETF. Regionally, minor outflows of $26 million and $10 million were observed in Switzerland and Canada, respectively.