Inflows Into Crypto Funds Reach $17.8B YTD

Investments in digital assets have reached a historic high of over $17.8 billion so far this year, indicating a potential rebound in the crypto market.

This new record follows a strong inflow of $1.44 billion last week into cryptocurrency investment products.

According to data from CoinShares, the total inflows for 2024 have surpassed the previous record of $10.6 billion set in 2021.

Most of these investments came from buyers in the United States, with Switzerland also making record purchases of digital assets.

In addition, there was positive investment sentiment seen in other countries, particularly in Hong Kong, Canada, and Switzerland, with inflows of $58 million, $55 million, and $24 million respectively.