Crypto Inflows Hit $882 Million as Macro Factors Offer Investors a Trading Compass 📈
Institutional interest in digital asset investment products has led to an $882 million influx in crypto inflows worldwide, marking the fourth consecutive week of growth. Year-to-date inflows stand at $6.7 billion, nearing the $7.3 billion peak from February.
CoinShares’ report highlights Bitcoin's dominance, with $867 million in inflows, attributed to its role as a macro hedge. Spot Bitcoin ETFs in the US have accumulated $62.9 billion in inflows since launching in January 2024.
Among altcoins, Sui notably recorded $11.7 million in inflows, surpassing Solana. The rise in crypto prices and investments is tied to macroeconomic trends, including increased money supply and stagflationary risks in the US.
Keen analysts emphasize Bitcoin’s price correlation with the global M2 money supply, advocating its potential as a macro-responsive asset. Institutional views see Bitcoin as a hedge against financial volatility, supported by notable validations like Standard Chartered recognizing Bitcoin's hedge against Treasury market volatility.
Ұқсас мақалалар
US crypto ETFs smash new record amid 4-week inflow streak
Crypto Inflows Hit $882M as Bitcoin ETFs Set New Records
CoinShares: Digital asset funds saw fourth week of inflows with $882m
Crypto Influx Surges as Bitcoin Dominates with $867 Million Growth
Bitcoin Dominates $882M Weekly Crypto Inflows While Sui Quietly Overtakes Solana
Crypto Asset Funds Draw $882M in Weekly Inflows as Bitcoin ETFs Surge
Are Cryptocurrencies Drawing New Attention?