📉 Crypto investment products reached their highest volume since July 2023 - $78 million. Cryptocurrency exchange traded goods (ETP) volumes increased by 37% to almost $1.1 billion. Solana reached its highest level since March 2022 - $24 million. European market accounted for 90% inflow, and the USA and Canada - only $9 million. Bitcoin received the largest influx - $43 million over the past week.
Meanwhile, the crypto industry faces challenges:
- Need for more precise and consistent regulations
- Vulnerability to hacking and fraud
- Scalability issues associated with the growing popularity of cryptocurrencies