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Image Credit: Cryptoslate

Weekly crypto inflow hits record high of $3.85 billion as Bitcoin, Ethereum, and XRP shine

  • Crypto investment products achieved a historic milestone last week, recording a staggering $3.85 billion in weekly inflows, pushing year-to-date totals to $41 billion and assets under management to $165 billion.
  • Bitcoin was the dominant contributor to the inflows, bringing in $2.5 billion last week and surpassing the holdings of Satoshi Nakamoto, the creator of Bitcoin. Short Bitcoin products also saw inflows of $6.2 million.
  • Ethereum attracted $1.2 billion in inflows, marking its highest weekly total since the launch of Ethereum-based ETFs. XRP drew over $134 million in inflows and achieved a seven-year price high.
  • The market remains bullish, with Bitcoin reaching a new all-time high above $100,000 and growing institutional adoption of Ethereum and XRP.

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