Crypto Funds Saw 2nd Largest Record Inflow: All About BTC, ETH, XRP
The post Crypto Funds Saw 2nd Largest Record Inflow: All About BTC, ETH, XRP appeared on BitcoinEthereumNews.com. Key Insights: Crypto funds saw $3.7 billion in weekly inflows. The second-largest inflows as Bitcoin price continued to hit new ATHs, amid bullish crypto news. Binance founder Changpeng “CZ” Zhao, Ark Invest CEO Cathie Wood, and Rich Dad Poor Dad author Robert Kiyosaki remained bullish on a further market rally. Support from strong Bitcoin and Ethereum ETFs inflows in the U.S. and corporate adoption fueled bullish sentiment. Crypto funds saw the 2nd largest inflows to date of $3.7 billion, indicating massive bullish sentiment among investors. Bullish sentiment among institutional investors continues as Bitcoin (BTC) and Ethereum (ETH) dominate with one of the largest inflows, as per a report. Experts such as Binance founder Changpeng “CZ” Zhao, Ark Invest CEO Cathie Wood, and Rich Dad Poor Dad author Robert Kiyosaki shilled bullish scenarios as the crypto market rallied. Crypto Funds Record $3.7 Billion in Inflows: CoinShares Crypto funds saw $3.27 billion in inflows, the 13th consecutive week of inflows, reported CoinShares on July 14. This caused total assets under management (AuM) to reach a new high of $211 billion. Bitcoin saw $2.7 billion in inflows, indicating massive interest among investors as they continued buying despite BTC price hitting a new ATH. Strong support from Bitcoin ETFs inflows and companies expanding their Bitcoin treasuries boosted bullish sentiment. This equals 54% of the total AuM held in gold ETPs, happening for the first time as per the report. Ethereum (ETH) maintained its positive momentum for the 12th consecutive week, with $990 million in inflows. According to the report, this marks the 4th largest inflow on record. Demand for Ethereum surpassed Bitcoin as ETH recorded record inflows over the past 12 weeks, accounting for 19.5% of its AuM as compared to 9.8% for Bitcoin. Institutional demand for Solana (SOL) also continued for another week, with…
The post Crypto Funds Saw 2nd Largest Record Inflow: All About BTC, ETH, XRP appeared on BitcoinEthereumNews.com.
Key Insights: Crypto funds saw $3.7 billion in weekly inflows. The second-largest inflows as Bitcoin price continued to hit new ATHs, amid bullish crypto news. Binance founder Changpeng “CZ” Zhao, Ark Invest CEO Cathie Wood, and Rich Dad Poor Dad author Robert Kiyosaki remained bullish on a further market rally. Support from strong Bitcoin and Ethereum ETFs inflows in the U.S. and corporate adoption fueled bullish sentiment. Crypto funds saw the 2nd largest inflows to date of $3.7 billion, indicating massive bullish sentiment among investors. Bullish sentiment among institutional investors continues as Bitcoin (BTC) and Ethereum (ETH) dominate with one of the largest inflows, as per a report. Experts such as Binance founder Changpeng “CZ” Zhao, Ark Invest CEO Cathie Wood, and Rich Dad Poor Dad author Robert Kiyosaki shilled bullish scenarios as the crypto market rallied. Crypto Funds Record $3.7 Billion in Inflows: CoinShares Crypto funds saw $3.27 billion in inflows, the 13th consecutive week of inflows, reported CoinShares on July 14. This caused total assets under management (AuM) to reach a new high of $211 billion. Bitcoin saw $2.7 billion in inflows, indicating massive interest among investors as they continued buying despite BTC price hitting a new ATH. Strong support from Bitcoin ETFs inflows and companies expanding their Bitcoin treasuries boosted bullish sentiment. This equals 54% of the total AuM held in gold ETPs, happening for the first time as per the report. Ethereum (ETH) maintained its positive momentum for the 12th consecutive week, with $990 million in inflows. According to the report, this marks the 4th largest inflow on record. Demand for Ethereum surpassed Bitcoin as ETH recorded record inflows over the past 12 weeks, accounting for 19.5% of its AuM as compared to 9.8% for Bitcoin. Institutional demand for Solana (SOL) also continued for another week, with…
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