Crypto Investment Products Surge Amid Bullish Trends

Record Inflows in Digital Asset Investments

Digital asset investment products have seen a remarkable surge, with inflows reaching $176 million last week. This marks ten consecutive weeks of positive inflows, totaling $1.84 billion, echoing the bullish momentum reminiscent of the 2021 crypto boom.

Key Drivers of the Bullish Trend

The primary contributor to this surge was a major asset attracting $133 million in inflows. Additionally, Short-Bitcoin products regained traction with $3.6 million in inflows after three weeks of outflows.

XRP and Altcoin Performance

XRP-focused exchange-traded products (ETPs) experienced an uptick, doubling their inflows to over half a million dollars. Year to date, XRP ETPs have accumulated $13 million, positioning them as the third-best performer among altcoins, following closely behind leading altcoins such as Solana (SOL).

Ethereum's Positive Momentum

Ethereum continued its positive trajectory, securing $134 million in inflows over the past month. This marks a significant shift as Ethereum's net flows turned positive for the first time this year, reversing a prolonged period of negative sentiment.

Bull Run and Market Context

The current influx of funds represents the most substantial bull run since October 2021, coinciding with the launch of futures-based ETFs. Despite a 107% increase in assets under management this year, reaching $46.2 billion, the total remains below the 2021 peak of $86.6 billion.

This impressive performance indicates a strong bullish sentiment in the crypto market, with significant inflows across various digital assets and investment products.