Despite the market fluctuations, the crypto industry has continued to attract investors, with new entrants and increased investment among the existing positions.According to the report, inflows in the crypto market have surged to a record high of $17.8B over the past year. Equally, the inflow has soared to $1.44B on weekly charts.
The approval of BTC spot ETFs in January, followed by the May approval of ETH spot ETFs, has changed the crypto space.recorded the highest inflow on weekly charts at $1.35B. The rise in BTC inflow came from increased institutional investments in BTC through spot ETFs. Equally, ARK Invests and 21shared’s ARKB attracted a massive inflow of $117.19M while enjoying a trading volume of $98.8M. Other majors such as Fidelity and BITB recorded a massive inflow of $15.24M and $7.93M.