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CoinShares: $2.7 billion inflow into encryption investment products, growing for 11 consecutive weeks.
Gate News bot message, July 1st, according to CoinShares report, the inflow of crypto assets investment products reached 2.7 billion USD in the past week, achieving significant growth for 11 consecutive weeks. This year, the total amount of funds flowing into crypto assets investment products has reached a new high of 17.8 billion USD.
Bitcoin funds accounted for 83% of net inflows last week, increasing by $2.2 billion for the third consecutive week. Ethereum investment funds saw an addition of $429 million, marking the tenth consecutive week of inflows. The United States leads in crypto assets fund inflows, reaching $2.7 billion. Switzerland and Germany saw inflows of $23 million and $19.8 million respectively, while Canada, Brazil, and Hong Kong experienced outflows.
James Butterfill, research director at CoinShares, stated that the strong growth is driven by increasing geopolitical factors and the uncertainty in the monetary policy direction of major countries. This trend reflects investors' confidence in the future growth potential of the Crypto Assets market and creates a favorable environment for its sustainable development.