Investor confidence in crypto investment products surged last week, driven by shifts in the US macroeconomic landscape. This marks the fifth consecutive week of positive inflows, accumulating around $4.3 billion in total investments.
Notably, this is the second-longest streak of inflows since the SEC approved spot Bitcoin ETFs in January. The weaker-than-expected US macro data has raised expectations for monetary policy rate cuts, pushing assets under management (AuM) above $100 billion for the first time since March.
Trading activity surged with volumes rising by 55% to $12.8 billion. Bitcoin led the inflows with $1.9 billion, while Ethereum saw $69 million, its best week since March.
Fantom and XRP also recorded notable inflows of $1.4 million and $1.2 million, respectively. This trend underscores the increasing investor confidence in crypto amid macroeconomic changes.
For further details, refer to the original article on [CryptoSlate](https://cryptoslate.com/wp-content/uploads/2024/06/crypto-investment.jpg).
