Market Trust In Bitcoin Etc Increases

Crypto market capitalization is increasing significantly. (Photo: Doc. Pexels)

JAKARTA – The recovery of the crypto market following the application of a Bitcoin ETF from a number of leading investment companies in the world, including Valkyre and BlackRock, has sparked optimism among the crypto community. This also increases the positive trend in the digital asset market.

According to the latest report from Coinshares, the market capitalization of crypto assets continues to grow and Bitcoin (BTC) remains the favorite in terms of interest and fund allocation.

BTC led in terms of inflows at $296 million (IDR 4.7 trillion), or 90% of total inflows. This reflects market confidence despite recent price increases. Ethereum (ETH), however, experienced an outflow of $6 million (IDR 95.6 billion).

The report noted an influx of $15 million (IDR 238.95 billion) into short Bitcoin investment products, reflecting a market segment seeking to protect itself from a potential future decline in Bitcoin's value.

Solana is attracting increasing investor interest, with inflows of $24 million (IDR 382.32 billion). This shows growing interest beyond Bitcoin, with alternative digital assets such as SOL playing a significant role in market activity.

The Coinshares report also highlighted increasing market capitalization, with total assets under management (AUM) reaching $37.8 billion (IDR 601.4 trillion), the highest level since May 2022. Regionally, only 12% of fund flows came from the US, with a total of $38 million (IDR 604.34 billion).

Countries such as Canada ($134 million or IDR 2.13 trillion), Germany ($82 million or IDR 1.3 trillion), and Switzerland ($50 million or IDR 796.5 billion) lead in investment. In addition, Asia recorded the largest weekly fund flow of $28 million (IDR 445.64 billion).

This condition reflects that the digital asset market continues to attract the attention of global investors. The ever-growing market capitalization shows deep optimism for the future of crypto.