The cryptocurrency market received investments of $ 921 million in just one week

From October 17 to October 24, the volume of investments in cryptocurrency instruments grew by $ 921 million, which was one of the highest figures in recent months. According to a report by CoinShares, the positive trend was supported by macroeconomic data from the United States — the inflation rate was lower than analysts' expectations — which increased investors' appetite for risky assets.

Trading activity in exchange-traded crypto products (ETPs) also remained significant, reaching $ 39 billion against the annual average of $ 28 billion. The largest inflows were recorded in the United States ($ 843 million) and Germany ($ 502 million), the latter figure being one of the record highs for the German market. At the same time, $ 359 million was withdrawn from Swiss funds, but analysts attributed this to internal reallocation of assets between providers rather than massive investor withdrawals.

The bulk of the capital was provided by bitcoin funds, which raised $ 931 million over the week. Since the beginning of the year, total investments in them have reached $ 30.2 billion, which confirms the strong interest in the first cryptocurrency BTC $112,023.00 Mezo Wrapped BTC -0.84% Market capitalization $59.69 million VOL. 24 hours $1.73 billion as the main investment asset of the market.

Ethereum-based funds ETH $4,027.78 Bridged Ether (StarkGate) -2.39% Market capitalization $97.86 million VOL. 24 hours $1.78 billion recorded outflows of $ 169 million for the first time in five weeks, although leveraged products based on this asset continue to be popular. On the contrary, inflows to Solana SOL $195.60 Binance-Peg SOL -3.04% Market capitalization $0.21 billion VOL. 24 hours $0.81 billion and XRP XRP $2.63 XRP -0.88% Market capitalization $157.97 billion VOL. 24 hours $0.31 billion funds slowed down to $ 29.4 million and $ 84.3 million, respectively. This is attributed to the expectation of the launch of spot ETFs on these assets in the United States, which may become the next driver of demand.

For comparison, a week earlier — from October 10 to 17 — investment products experienced outflows of $ 513 million. Thus, the current increase indicates a return of institutional interest and an overall improvement in sentiment in the crypto market.