Investment In Crypto Products Rise for Second Consecutive Week

The most recent report from CoinShares reveals that digital asset investment products experienced a significant rise in inflows last week, reaching the highest levels since July 2023.

According to the crypto asset management firm, crypto investment products saw a total of $78 million in inflows, marking the second consecutive week of growth.

Additionally, crypto ETP volumes increased by 37%, reaching $1.1 billion, and Bitcoin volumes rose by 16% on trusted exchanges.

Solana, which is currently the eighth largest cryptocurrency, saw its weekly inflows reach a new high since March 2022.

Despite overall growth in the industry, the new United States Ethereum futures exchange-traded funds (ETFs) received only $10 million in inflows in its first week of trading, indicating a lack of interest.

CoinShares also reported that a majority of the inflows came from Europe, with the US and Canada only seeing $9 million combined.