According to the latest weekly report from CoinShares, there was a substantial increase in investments in crypto-related products last week, amounting to $223.7 billion, making it the second-highest weekly inflow of the year. During this time, there was also a record trading volume of over $2.53 billion, at times accounting for 22.5% of global Bitcoin daily trading volumes on reputable exchanges. James Butterfill, head of research at CoinShares, made note of this significant development. The current assets under management of cryptocurrency ETPs have nearly reached the highest level ever recorded at $21.6 billion, coming close to the peak of $212 billion achieved in early November 2021. The US remains a frontrunner in the market for crypto investment products, driven by the launch of Bitcoin ETFs. Last week, the country saw a majority of digital asset inflows totaling $1.88 billion. However, other countries’ reactions to this trend differ worldwide. According to data from CoinShares, Switzerland experienced inflows of $20 million, while Sweden, Germany, and Canada saw outflows of $32 million, $35 million, and $23 million, respectively. This information pertains to global ETP flows. Bitcoin continues to dominate among assets, with an influx of $1.63 billion, making up 94% of total inflows last week. It is worth mentioning that according to CryptoSlate Insight, the amount of Bitcoin held in global ETPs has now surpassed one million. During the last 90 days, there has been a notable increase of 133,000 BTC in these ETPs, mainly due to the popularity of US spot Bitcoin ETFs. On the contrary, investors who are pessimistic about Bitcoin’s price growth invested $22 million in short-related products despite the current market rally. Ethereum also saw a significant increase in investment alongside Bitcoin during the recent surge in the crypto market. Last week, Ethereum products received investments amounting to $85 million, the highest weekly influx since mid-July 2022. However, the assets under management for ETH products have declined to $14.6 billion from a high of $23.7 billion. Likewise, Polygon, XRP, and Chainlink saw inflows of $7.6 million, $2.5 million, and $1.6 million, respectively.