Cryptocurrency-based investment productsLast week, an inflow of 2.2 billion dollars was made. Loosening monetary policies after the US elections and the positive atmosphere in the markets triggered this increase. Since the beginning of the year, total inflows reached 33.5 billion dollars, breaking a record. Bitcoin $91,963(BTC) reaching its all-time high price level caused an outflow of $866 million in the second half of the week, following an inflow of $3 billion at the beginning of the week. All this activity brought the total asset value under management (AuM) in cryptocurrency-based investment products to a peak of $138 billion.
Remarkable Activity in Bitcoin and Ethereum
Bitcoin received a total inflow of $1.48 billion last week cryptocurrency led the market. However, the price reaching record levels directed investors to short-based cryptocurrency investment products, and 49 million dollars were invested in short Bitcoin investment products.
altcoin king Ethereum (ETH) $3,110 broke the long-standing downward trend and saw an inflow of 646 million dollars. This move is attributed to Justin Drake’s Beam Chain network update and the impact of the US election results.
solana (SOL) also attracted attention in this process, attracting an inflow of 24 million dollars. However, it pushed investors in Sweden and Germany to take profits. There was an outflow of $58 million and $6.8 million from cryptocurrency-based investment products in these countries, respectively.
US Leadership in Regional Entries
Highest regional entry into cryptocurrency-based investment products USAIt happened in , with 2.2 billion dollars. Hong Kong, Australia And Canada received entries of $27 million, $18 million and $13 million respectively. The positive investor perception in these countries reflected the atmosphere of confidence brought to the markets by the presidential elections in the USA. Europe There was a mixed picture in their countries. Swedish And Germany While there was a rise in countries such as, other regions had a more positive stance.
The cryptocurrency market continues to be active due to the influence of loose monetary policies and political developments. Bitcoin’s record breaking and regional investment differences show the dynamic structure of the market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.