Record $17.8 Billion Inflows into Digital Asset Investment Products Signal Potential Crypto Market Recovery

Inflows into digital asset investment products have reached a record high of over $17.8 billion year-to-date (YTD), indicating a potential recovery in the cryptocurrency market. This milestone follows a week where cryptocurrency investment products saw inflows totaling $1.44 billion. According to CoinShares data, the YTD inflows for 2024 have soared to $17.8 billion, eclipsing the previous record of $10.6 billion set in 2021. The majority of these inflows are from U.S.-based investors, with Switzerland also making significant purchases of digital assets. CoinShares reported: “Regionally, the US led with US$1.3bn for the week, although the positive sentiment was seen across all