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▲ Bitcoin (BTC), XRP/ChatGPT generated image
Last week, $857.9 million flowed into cryptocurrency investment products, including Bitcoin (BTC), XRP, and Ethereum (ETH). Amid expectations of an improved US regulatory environment and a recovery in market confidence, digital asset investment products continued their net inflow streak for six consecutive weeks.
The Crypto Basic reported on May 11 (local time), citing a CoinShares report, that cryptocurrency investment products recorded a net inflow of $857.9 million last week. The total assets under management for cryptocurrency investment products increased to approximately $160 billion.
By asset, Bitcoin investment products led the overall trend. Bitcoin products saw an inflow of $706.1 million, and the cumulative net inflow for the year increased to approximately $4.9 billion. Bitcoin accounted for most of the total weekly inflow, establishing itself as a key destination for institutional funds.
Ethereum investment products also reversed the previous week's bearish trend, recording a net inflow of $77.1 million. Solana (SOL) and XRP-linked investment products received $47.6 million and $39.6 million, respectively. This demonstrates that institutional investment demand is concentrating on Bitcoin while also expanding to major altcoins.
Funds also flowed into Chainlink (LINK), Sui (SUI), and Litecoin (LTC) products. Chainlink products recorded a net inflow of $1.4 million, Sui products $1 million, and Litecoin products $0.1 million. Conversely, approximately $14 million and $5.5 million flowed out of short Bitcoin products and multi-asset products, respectively.
Geographically, the United States accounted for an overwhelming proportion. US investment products saw an inflow of $776.6 million, followed by Germany with $50.6 million. Switzerland and the Netherlands recorded net inflows of $21.1 million and $5 million, respectively.
CoinShares cited improved regulatory sentiment in the US as a key driver of the positive trend. In particular, optimism about the Clarity Act, a US cryptocurrency market structure bill, was mentioned as a factor boosting investor sentiment. The bill is making progress, and the Senate Banking Committee is scheduled to hold a markup session on May 14.
Institutional investors view regulatory clarity as a key factor that can drive increased participation in the digital asset market. This $857.9 million net inflow is recorded as a case where large Bitcoin-centric fund inflows and the spread of funds to major altcoin products such as XRP, Ethereum, and Solana occurred simultaneously.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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