- There has been two consecutive weeks of capital inflow into corporate cryptocurrency funds.
- Investments worth $123 million were made in Bitcoin funds.
- Germany has become the country with the highest capital inflow.
Corporate cryptocurrency funds have witnessed consecutive weeks of capital inflow, with investments totaling $325 million, primarily directed towards Bitcoin funds. The increased interest in Bitcoin is attributed to the surge in applications for Bitcoin exchange-traded funds (ETFs) by major investment firms. Germany has emerged as the leading country in terms of capital inflow, followed by Canada and the United States. The total assets under management (AuM) have reached a record high of approximately $37 billion. Stay updated with the latest developments in the cryptocurrency market.
Consecutive Weeks of Capital Inflow into Corporate Cryptocurrency Funds
Corporate cryptocurrency funds have experienced consecutive weeks of capital inflow. According to Coinshares’ data, there was a $125 million fund inflow last week, resulting in a total of $325 million capital inflow. 98% of these inflows were invested in Bitcoin funds.
Increase in Investments in Bitcoin Funds
Bitcoin investment products have gained a positive momentum due to the significant fund inflows in the past two weeks. The increased interest in Bitcoin is believed to be driven by large investment firms’ applications for Bitcoin exchange-traded funds (ETFs). During this period, $123 million was invested in Bitcoin funds.
Germany Leads in Capital Inflow
Germany has emerged as the leading country in terms of capital inflow. While $65 million was invested in Germany, Canada secured the second position with $35 million, followed by the United States with $23 million in investments.
The total assets under management (AuM) have reached approximately $37 billion with the latest capital inflow. This amount represents the highest level recorded since June 2022.
