Crypto investment paid $1.76 billion in 10 weeks.

Inflows into crypto investment products have been positive for 10 consecutive weeks, with inflows totaling $1.76 billion.

As Bitcoin (BTC) hovers around $42,000, sentiment is overwhelmingly positive. This is confirmed by data from the revenues of digital asset investment products.

Crypto earnings peaked in October 2021

According to data from CoinShares, there were 176 million dollars in flows for digital asset products last week. BeInCrypto has been previously discussed:

“Crypto investment vehicles such as exchange-traded products (ETPs) and trusts are important ways for institutional investors and other large investors to gain exposure to crypto. They often choose digital investment products over direct crypto holdings due to regulatory challenges or accounting-related reasons.”

As the screenshot below shows, revenues have been positive for the past 10 weeks, totaling $1.76 billion. CoinShares explained that the volume is the highest since October 2021, when the market peaked due to the encouragement of the Bitcoin Futures exchange-traded fund (ETF).

Read more: Where to Trade Bitcoin Futures: A Comprehensive Guide

Additionally, the total assets under management (AuM) of digital asset investment products grew by over 107% in 2023. Not to mention, the last 10 weeks of revenue contributed 4% to the total AuM of crypto investment products.

Is it time to practice mindfulness?

The dramatic growth in earnings comes as markets turn increasingly greedy. Even major media companies like Bloomberg have predicted a Bitcoin supercycle and predicted a price increase of up to $500,000.

When the fear and greed index is in the “greed” territory, investors should be very careful. Sometimes, if the sentiment is too greedy, the markets can start to pull back.

X (Twitter) user WhaleWire has asked his 500,000 followers to be “extremely careful”. They wrote:

“Bloomberg now predicts this is the start of a new “super cycle” that will push #Bitcoin above $500K.

“You have to be very careful when the corrupt mainstream media is pushing such unrealistic targets at such a high level. This is a huge red flag.

“These kinds of headlines are always over the top.”

Read more: What is the Crypto Fear and Greed Index?

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For BeInCrypto's latest Bitcoin (BTC) analysis, click here.