US Government Shutdown and Weak Jobs Report Drive Record Crypto Inflows
- Digital asset investment products saw a record inflow of $6 billion, attributed to macroeconomic concerns.
- Bitcoin captured $3.55 billion in new capital, marking its strongest week ever.
- Twelve US-based Bitcoin ETF providers, including BlackRock, contributed approximately $3.2 billion of the total inflows.
- Ethereum attracted $1.48 billion in new investments, raising its year-to-date total to $13.7 billion.
- Solana-focused funds reached an all-time high of $706.5 million in inflows during this period.
The recent influx into cryptocurrencies reflects investor sentiment shifting towards assets seen as resilient amid economic uncertainty, particularly following the US government shutdown and weak employment data.
With Bitcoin’s price hitting over $125,000 and attracting significant inflows, it continues to serve as a liquidity anchor in turbulent times.(Source)
