Crypto Surge: U.S. Attracts 90% of Global Inflows, Bitcoin Hits ATH
Last week saw a significant surge in cryptocurrency investments, with the United States attracting 90% of global inflows. A total of $2,000 million was invested, with Bitcoin price-linked funds receiving the lion's share.
Bitcoin price-linked funds saw inflows of $1,900 million, representing 86% of last week's total investments. This influx pushed the assets under management (AuM) in digital assets to a record high of $171,000 million. Meanwhile, Ethereum recorded $246 million in inflows, helping to reverse earlier outflows. Bitcoin's price also reached a new all-time high (ATH) of over $109,000.
XRP continued its positive trend, attracting an additional $31 million in inflows last week, bringing its total since mid-November 2024 to $484 million. Other countries also saw investments, with Switzerland receiving $89 million and Canada registering $13 million in cryptocurrency inflows. Global trading volumes of cryptocurrency-related exchange-traded products (ETPs) reached $21 billion, accounting for 34% of the total Bitcoin trading volume on reliable exchanges.
The influx of capital into cryptoasset funds, driven by optimism following Donald Trump's inauguration as President of the United States, has reached record levels. With Bitcoin price setting new highs and other cryptocurrencies like Ethereum and XRP attracting significant investments, the crypto market continues to grow and gain mainstream attention.
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