Crypto Investment Flows Strongly Rebounding
Crypto investment flows are making a robust comeback, aligning with Bitcoin's impressive recovery momentum in October.
Crypto Investment Flows Strongly Rebounding
According to CoinShares statistics, inflows into crypto investment products over the past 6 weeks have reached $767 million USD. This marks the highest figure since late 2021, when Bitcoin reached its all-time high of $69,000 USD.
Specifically, last week saw inflows totaling $261 million USD, continuing a streak of 5 consecutive weeks of positive net flows.
Weekly net investment flows into cryptocurrency products. Source: CoinShares
Investment flows have predominantly focused on Bitcoin (BTC), with a weekly total of $229 million USD and a year-to-date total of $842 million USD. James Butterfill, Head of Research at CoinShares, attributes this trend to the "frenzy" surrounding Bitcoin ETFs in the U.S. and softer macroeconomic data.
Ethereum (ETH) products attracted $17.5 million USD, the highest since August 2022, after a prolonged period of investor disengagement.
Inflows into individual cryptocurrency products. Source: CoinShares
Notably, Solana (SOL) investment funds reached their highest level in 14 months, with inflows recorded at $11 million USD, followed by Chainlink (LINK) attracting $2 million USD.
Geographically, the U.S. and Germany lead in investment inflows with $156.6 million USD and $63 million USD, respectively.
Crypto investment flows from various countries around the world. Source: CoinShares
Inflow-outflow dynamics serve as indicators reflecting the investment appetite of large institutions. Recent crypto inflows suggest the cryptocurrency industry is gradually recovering from a series of collapses involving major entities like FTX, Terra, among others.
