Cardano

Litecoin

United

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investment-in-crypto-assets-surges-to-record-highs" rel="noopener noreferrer nofollow">Investment in Crypto Assets Surges to Record Highs</a><br></p>
<p style="text-align: justify">In a remarkable financial development, investment products related to cryptocurrencies have achieved unprecedented inflows, with last week’s figures topping $2.7 billion, pushing the annual total to a staggering $13.2 billion. This figure not only eclipses the cumulative inflows recorded for the entirety of 2021, which stood at $10.6 billion, but also indicates a robust growth trajectory for digital asset investments.</p>
<h2 id="bitcoin-dominates-weekly-transaction-volumes">Bitcoin Dominates Weekly Transaction Volumes</h2>
<p style="text-align: justify">This surge in investment has been accompanied by substantial transaction activities, particularly in <a href="https://en.bitcoinhaber.net/us-senators-demand-answers-from-sec-chair-gensler-after-twitter-hack" rel="noopener noreferrer nofollow">Bitcoin</a>, which represented nearly half of the global Bitcoin trade volume at $43 billion. Despite this upswing, the market experienced a downturn over the last weekend, causing the aggregate value of global ETPs to decline to $97 billion.</p>
<p style="text-align: justify">The United States has emerged as a significant contributor to these inflows, with investments amounting to $2.95 billion. Concurrently, certain regions witnessed minor capital withdrawals, with Canada, Germany, Sweden, and Switzerland collectively registering an outflow of $78 million in the previous week.</p>
<p style="text-align: justify">Bitcoin’s overwhelming dominance is evident, with inflows totaling $2.86 billion last week alone. This amount represents a 97% share of the total year-to-date inflows. Notably, short-focused Bitcoin transactions experienced the year’s largest inflow for a fifth consecutive week, amassing $26 million.</p>
<h2 id="altcoins-and-blockchain-stocks-also-see-activity">Altcoins and Blockchain Stocks Also See Activity</h2>
<p style="text-align: justify">In contrast to Bitcoin’s performance, several altcoins, including <a href="https://en.bitcoinhaber.net/ethereums-milestone-reflecting-vitalik-buterins-vision" rel="noopener noreferrer nofollow">Ethereum</a>, <a href="https://en.bitcoinhaber.net/solanas-market-resilience-a-technical-analysis" rel="noopener noreferrer nofollow">Solana</a>, and Polygon, faced outflows of $14 million, $2.7 million, and $6.8 million, respectively. However, some digital currencies like Litecoin and Cardano bucked the trend with positive inflows. Additionally, blockchain-focused equities reversed a six-week outflow trend by attracting $19 million.</p>
<p style="text-align: justify">The continuous and lively engagement with digital asset markets is garnering increased interest from investors, signalling a sustained growth potential for the sector.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investment-in-crypto-assets-surges-to-record-highs" rel="noopener noreferrer nofollow">Investment in Crypto Assets Surges to Record Highs</a></h5>

Investment in Crypto Assets Surges to Record Highs

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