CDS Crypto News Crypto Funds Surge: Global Inflows Hit $1.3 Billion Amid Tariff Concerns
Crypto News

Crypto Funds Surge: Global Inflows Hit $1.3 Billion Amid Tariff Concerns

94
Crypto Funds Surge: Global Inflows Hit $1.3 Billion Amid Tariff Concerns

Global Crypto Funds Surge with $1.3 Billion Inflows Amid Tariff Fallout

Crypto Funds Surge – Global cryptocurrency investment products, managed by firms like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares, registered net inflows of $1.3 billion last week, according to data from CoinShares. This marks nearly double the amount from the previous week’s inflows of $747.4 million.

The positive trend continues, with inflows extending for five consecutive weeks and a total of $7.3 billion year-to-date. Although the market faced challenges with the recent price fluctuations tied to President Trump’s tariffs, the sustained growth in investment products highlights an ongoing interest in crypto.

Bitcoin and Ethereum’s Performance Amid Market Shifts

Despite a sharp 10% decline in Bitcoin’s price to a low of $91,500 on Feb. 3, following President Trump’s tariff announcements, Bitcoin quickly bounced back above the $100,000 mark. The volatile trading day also saw Bitcoin shift by over $10,000, reacting to news of delayed tariffs on Mexico and Canada.

Ether performed strongly in comparison, drawing $793 million in net inflows last week, surpassing Bitcoin funds for the first time this year. This significant influx into Ethereum-based funds is attributed to “significant buying-on-weakness.”

XRP and Solana Investment Products Continue to Perform Well

XRP-based funds secured $21 million in inflows, with Solana products attracting $11 million, rounding out the top-performing altcoin investment products.

Regional Inflows: The U.S. Leads with $1 Billion

The U.S. remains the dominant region, with $1 billion in overall net inflows last week. Meanwhile, European markets, such as Germany, Switzerland, and Canada, saw inflows of $61 million, $54 million, and $37 million, respectively.

Despite market fluctuations driven by external geopolitical events, the continued strong inflows into crypto investment products reflect a broader market confidence and growing institutional interest.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.

Crypto Funds Surge: Global Inflows Hit $1.3 Billion Amid Tariff Concerns
Written by
Ecem EFE

Since 2022, Ecem has been creating digital content, combining her passion for technology with writing. Continuing her education in the Mathematics department, Ecem focuses on producing in-depth content on areas such as blockchain, artificial intelligence, and cryptocurrency. She aims to simplify these topics and present them to a wide audience, sharing valuable insights into the crypto industry through her writing. With her innovative content, she strives to raise awareness in the digital world.

Leave a comment

Leave a Reply

Related Articles

Novo Stock: Analyst Predicts 24% Gain After Stock Drop

Kepler Cheuvreux’s analyst upgrades Novo Nordisk to ‘buy,’ predicting a 24% gain...

Bitcoin Price Volatility: Can BTC Rebound After $818 Million Losses?

Bitcoin's price has remained below $85k after a brief dip to $76k,...

Russia Using Bitcoin for Oil Deals? Sanctions Won’t Stop Russia

Russia using Bitcoin for oil deals? Please stay tuned to CDS for...

Major Solana Vote Ends in Defeat: Why the Inflation Plan Failed?

For more comprehensive information on the major Solana vote ends in defeat,...