Crypto Products See $2.5B Inflows
The post Crypto Products See $2.5B Inflows appeared on BitcoinEthereumNews.com. Key Notes CoinShares just unveiled that altcoins are now leading amid $2.5 billion in inflows into the crypto market. Ethereum dominated Bitcoin in weekly flows, with this metric pegging the inflows at $1.4 billion. Solana and XRP received inflows of $177 million and $134 million, supported by optimism around US crypto ETFs. CoinShares recently shared its digital asset fund flows weekly report, and it showed that crypto investment products raked in $2.5 billion last week. This lifted August inflows to a total of $4.37 billion and a year-to-date (YTD) of $35.5 billion. It is also worth noting that Ethereum ETH $4 370 24h volatility: 2.2% Market cap: $527.82 B Vol. 24h: $26.59 B has successfully outperformed Bitcoin BTC $108 717 24h volatility: 0.2% Market cap: $2.16 T Vol. 24h: $36.33 B in inflows. Ethereum Dominates Inflows, Leaving Bitcoin Behind The CoinShares’ report shows that digital asset investment products registered a rebound from the previous week’s outflows. It pulled in approximately $2.48 billion in inflows, bringing the total capital bagged in August to $4.37 billion. Also, the YTD inflows have now reached $35.5 billion. In the first week of August, this class of assets broke a streak of 14 weeks of inflows with an outflow of $223 million. Bitcoin alone accounted for $404 million of these outflows, which had a significant impact on the market. This time, the reported inflows started the week strongly but later declined on Friday, coinciding with the release of Core PCE data, which failed to support expectations of a Federal Reserve rate cut in September.Digital asset investors were disappointed by this realization, hence the slight decline in market outlook. Recent negative price momentum caused total Assets Under Management (AUM) to drop 10% from its recent peak, ending at $219 billion. As has been the recent trend,…
The post Crypto Products See $2.5B Inflows appeared on BitcoinEthereumNews.com.
Key Notes CoinShares just unveiled that altcoins are now leading amid $2.5 billion in inflows into the crypto market. Ethereum dominated Bitcoin in weekly flows, with this metric pegging the inflows at $1.4 billion. Solana and XRP received inflows of $177 million and $134 million, supported by optimism around US crypto ETFs. CoinShares recently shared its digital asset fund flows weekly report, and it showed that crypto investment products raked in $2.5 billion last week. This lifted August inflows to a total of $4.37 billion and a year-to-date (YTD) of $35.5 billion. It is also worth noting that Ethereum ETH $4 370 24h volatility: 2.2% Market cap: $527.82 B Vol. 24h: $26.59 B has successfully outperformed Bitcoin BTC $108 717 24h volatility: 0.2% Market cap: $2.16 T Vol. 24h: $36.33 B in inflows. Ethereum Dominates Inflows, Leaving Bitcoin Behind The CoinShares’ report shows that digital asset investment products registered a rebound from the previous week’s outflows. It pulled in approximately $2.48 billion in inflows, bringing the total capital bagged in August to $4.37 billion. Also, the YTD inflows have now reached $35.5 billion. In the first week of August, this class of assets broke a streak of 14 weeks of inflows with an outflow of $223 million. Bitcoin alone accounted for $404 million of these outflows, which had a significant impact on the market. This time, the reported inflows started the week strongly but later declined on Friday, coinciding with the release of Core PCE data, which failed to support expectations of a Federal Reserve rate cut in September.Digital asset investors were disappointed by this realization, hence the slight decline in market outlook. Recent negative price momentum caused total Assets Under Management (AUM) to drop 10% from its recent peak, ending at $219 billion. As has been the recent trend,…
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