Bitcoin attracts a weekly income of 3 billion dollars when the price is close to 100 thousand dollars

Digital asset investment products experienced a record-breaking week, with inflows of $3.13 billion, pushing total investments since mid-September – the start of the US interest rate cut – to $15.2 billion.

According to CoinShares, year-to-date revenue has risen to $37 billion, marking a new milestone and surpassing the initial success of the US Gold ETF, which earned just $309 million in its first year. Bitcoin ETFs continue to shine with the highest inflows recorded last week.

As the price of Bitcoin climbed to new highs and neared $100k, the cryptocurrency saw $3 billion in revenue, highlighting strong investor demand. However, this bullish initiative has seen significant growth in short-Bitcoin investments, earning $10 million every week. During the month, revenue to short-Bitcoin products reached $58 million, representing the highest monthly total since August 2022.

In its latest report, CoinShares Solana led the altcoin pack last week with $16 million in revenue, $2.8 million more than Ethereum, although it continued to trail last year's seasonal performance.

Meanwhile, XRP, Litecoin, and Chainlink each saw significant inflows, reaching $15 million, $4.1 million, and $1.3 million, respectively. Cardano also raised a modest $0.7 million in inflows during the same period.

On the other hand, multi-asset investment products were withdrawn for the second consecutive week, with a total of 10.5 million dollars withdrawn from the market.

The U.S. posted $3.2 billion in revenue, while profitable activities in Sweden, Germany, and Switzerland accounted for $84 million, $40 million, and $17 million, respectively, due to recent price increases. Brazil's $12.5 billion spending spree further clouded its global profile.

However, Canada, Hong Kong and Australia offer silver linings. Market sentiment turned positive in these regions with earnings of $31 million, $30 million and $9 million respectively.