Global funds continue to pour into cryptocurrency investment products, reaching a record high in asset management scale.

As Bitcoin continues to surge to new all-time highs, the amount flowing into global crypto investment products reached $1.98 billion last week, with assets under management also hitting a record high of $116 billion.

Funds Continuously Flowing into Cryptocurrency Investment Products

According to data from CoinShares, global cryptocurrency funds managed by asset management companies such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares recorded net inflows for the fifth consecutive week, with a net increase of $1.98 billion last week, reaching a record $31.3 billion year-to-date. Coupled with the rising price of Bitcoin, the global cryptocurrency asset under management has reached a new high of $116 billion.

The inflows are mainly concentrated in the United States with $1.95 billion, while Switzerland and Germany saw inflows of $22 million and $20 million respectively.

Bitcoin Still Dominates with $94.6 Billion in Assets Under Management

In terms of asset classes, Bitcoin remains dominant, with a net inflow of $29.4 billion year-to-date and cumulative assets under management of $94.6 billion; followed by Ethereum with a net inflow of $0.95 billion year-to-date and cumulative assets under management of $12.1 billion. Next is the Multi-asset category, which includes products investing in multiple cryptocurrencies and Solana.

Macro Support and Changes in US Politics Drive Overall Cryptocurrency Rally

Since the Federal Reserve initiated the current rate-cutting cycle in September, Bitcoin has seen a net inflow of $9 billion. CoinShares believes that the combination of macro support and significant changes in the US political system may be the reason behind the heightened investor sentiment.

Ethereum, which has been struggling, saw an inflow of $157 million last week, marking the largest inflow since the ETF's launch in July this year, signaling a significant improvement in market sentiment.

Other altcoins also received inflows, especially Solana with a net inflow of $3.9 million, Uniswap with $1 million inflow, and Tron with $0.5 million inflow. Blockchain-related stocks also saw an inflow of $61 million.

Bitcoin hit a historic high of $89,530 this morning, with spot Bitcoin ETFs and cryptocurrency-related companies such as MicroStrategy and Coinbase seeing remarkable price surges.

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