Crypto investment products attracted $882 million in inflows globally last week, with Bitcoin leading the way with $867 million in inflows.
US-listed Bitcoin ETFs marked cumulative net inflows of $62.9 billion, surpassing the previous high recorded earlier this year, indicating strong institutional demand for Bitcoin.
While Ethereum products recorded minimal inflows, alternative layer-1 protocol Sui received $11.7 million, surpassing Solana's inflows for the year and indicating a shift in capital towards newer blockchain networks.
The rise in crypto inflows is attributed to global increase in M2 money supply, US stagflation concerns, and recognition of Bitcoin as a strategic reserve asset by US states, driving institutional interest in digital assets.