Bitcoin, Ethereum Funds Pulled in $1.2 Billion Amid Rising Global Tension Last Week
Amid rising global tensions, institutional investors directed $1.24 billion into digital asset investment products over the past week, marking a streak of ten consecutive weeks of inflows, according to CoinShares. Bitcoin led the inflows with $1.1 billion, which accounted for about 88.7% of the total, even as it underwent price corrections. Despite geopolitical disturbances, including the U.S.'s intensified involvement in the Iran conflict, institutional confidence in crypto appears robust, with year-to-date inflows reaching $15.1 billion. Ethereum also performed well, attracting $124 million for its longest streak of positive inflows since 2021, totaling $2.2 billion over the defined period. The U.S. market contributed most significantly to these inflows, while regions like Hong Kong witnessed notable outflows. Altcoins such as Solana and XRP also garnered modest inflows, reflecting ongoing diversification interests among investors. This trend indicates a shift in institutional views, recognizing digital assets as essential investment components rather than speculative assets.
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