The rebound in Bitcoin’s price has driven an inflow of 1.9 billion US dollars into crypto funds.
According to CoinShares data, the inflow of funds into cryptocurrency investment products reached 1.9 billion US dollars last week, pushing the inflow so far this year to 4.8 billion US dollars. Among them, Bitcoin investment products performed outstandingly, attracting 1.6 billion US dollars, accounting for 92% of the total inflow. There was also an inflow of funds into Ethereum investment products, amounting to 69 million US dollars.
From a regional perspective, the United States led in terms of capital inflows, reaching 1.7 billion US dollars. Canada, Switzerland and Germany had capital inflows of 31 million US dollars, 35 million US dollars and 23 million US dollars respectively.
The sharp increase in this capital inflow is partly due to the excitement in the market caused by the potential of Bitcoin as a strategic reserve asset. Meanwhile, the US macroeconomic data was weaker than expected, which led to an earlier expectation of a monetary policy interest rate cut. This also had a positive impact on investor sentiment, prompting funds to flow into crypto funds.
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