Weekly Inflows Into Crypto-based Products Hit $2.69B
According to a report by CoinShares, the total amount invested in cryptocurrency products during the week of March 2 to March 8 was $2.69 billion, a significant increase from the previous week’s $1.83 billion.
This marks the sixth consecutive week of positive growth in the market. The previous record high of $2.45 billion was achieved between February 10 and February 16.
The total inflow since the beginning of the year has now reached $10.3 billion, which is comparable to the record of $10.6 billion for the entire year of 2021.
Last week, the trade turnover reached a record high of $43 billion, surpassing the previous week’s record of $30 billion.
As a result, assets under management (AUM) have also reached an all-time high of $94.4 billion, reflecting a 14% increase from the previous review and an 88% increase since the start of the year.
