Between September 26 and October 4, investors poured a record $5.95 billion into cryptocurrency investment products, according to a report by CoinShares.
Analysts attributed this to a reaction to weak employment data in the US and concerns about the stability of the American government.
The positive trend pushed the total volume of assets under management to a historic high of $254 billion. Bitcoin products attracted a record $3.55 billion. Despite the first cryptocurrency reaching ATH, investors did not open short positions.
Inflows into Ethereum-focused exchange-traded funds amounted to $1.48 billion. Since the beginning of the year, investments in these instruments have reached $13.7 billion, nearly tripling last year’s figure.
Products based on Solana and XRP also showed significant results, setting weekly inflow records of $706.5 million and $219.4 million, respectively. Investments in other altcoins were negligible.
The majority of funds came from the US, which recorded an inflow of $5 billion. Switzerland also set a new high with $563 million. Germany recorded the second-largest weekly inflow at $312 million.
Earlier, from September 19 to 27, $812 million was withdrawn from digital asset-based investment products.