Markets witnessed significant capital flows into various asset classes over the past week, according to the data compiled by Bank of America (NYSE:).
Stocks attracted $29.4 billion, bonds $10.3 billion, cryptocurrencies $1.1 billion, and gold $0.3 billion. Meanwhile, $2.9 billion was withdrawn from cash holdings.
Cryptocurrencies have experienced the largest cumulative eight-week inflow on record, totaling $13.5 billion. This accounts for 30% of the total $45 billion inflow into the asset class since 2019, according to BofA’s Michael Hartnett.
Bank loan funds also saw continued interest, with inflows over the past eight weeks, including $1.5 billion last week alone, marking the largest four-week inflow since February 2022.
US equities attracted a substantial $36.1 billion, driving the largest four-week inflow on record at $141 billion. Comparatively, the past seven weeks have seen a stark contrast in capital movements between US…
