Traders invested $ 3.85 billion in cryptocurrencies over the week

From December 1 to December 7, cryptocurrency investment funds received $ 3.85 billion, a historic high. Thus, the positive trend has been maintained for the ninth week in a row.

Thus, over the previous week, the inflow of funds into the cryptocurrency industry amounted to $ 270 million. Since the beginning of the year, total investments have reached a record level of $ 41.1 billion. And the volume of assets under management reached $ 165 billion, which is also a historical high.

It is reported that over the past week, investors have invested $ 2.55 billion in bitcoin-based funds. This is a significant increase, as they had previously withdrawn $ 457 million. The total inflow into these instruments since the beginning of the year is $ 36.46 billion. Funds that allow opening short positions (shorts) on bitcoin attracted an additional $ 6.2 million.

Inflows into other cryptocurrency assets:

• Ethereum: inflows reached a record $ 1.16 billion (up from $ 634 million a week earlier).
• XRP: investors invested the maximum $ 134.3 million in history.
• Solana: Solana-based products experienced outflows of $ 14.1 million.

Thus, 2024 demonstrates significant interest in cryptocurrency investments, especially in Bitcoin, Ethereum, and XRP. Record amounts indicate a growing confidence in cryptocurrency funds as an important financial market instrument.