Ethereum Leads Investor Sentiment, Bitcoin Sees Slower Inflows
The post Ethereum Leads Investor Sentiment, Bitcoin Sees Slower Inflows appeared on BitcoinEthereumNews.com. Crypto inflows continue to extend their multi-week streak, with Bitcoin (BTC) and Ethereum (ETH) still leading despite broader market caution. However, Ethereum remains an outlier, demonstrating significantly higher investor interest or sentiment than Bitcoin. Crypto Inflows Surge to $1.03 Billion Last Week Crypto inflows hit $1.04 billion last week, and while this was significantly lower than the $2.6 billion crypto inflows for the week ending June 28, it marks the 12th straight week of positive flows. The latest CoinShares report indicates that last week’s crypto inflows pushed assets under management (AuM) to $188 billion. The US accounted for most of these flows, recording over 98% with $1.025 billion. More closely, Bitcoin accounted for the lion’s share, recording $790 million out of the $1.042 billion crypto inflows last week. Notably, this was a notable slowdown compared to the week before, where inflows into Bitcoin reached $2.2 billion. James Butterfill, head of research at CoinShares, ascribes this to investor caution, which is likely delaying Bitcoin’s climb to a potential new all-time high. “The moderation in inflows [for Bitcoin in particular] suggests that investors are becoming more cautious as Bitcoin approaches its all-time high price levels,” wrote Butterfill. Crypto Inflows Last Week. Source: CoinShares Meanwhile, Ethereum remains an outlier, marking its 11th consecutive week of positive flows. On a proportional basis, weekly crypto inflows for Ethereum have averaged 1.6% of AuM, significantly higher than Bitcoin’s 0.8%. “This [highlights] a notable shift in investor sentiment in favor of Ethereum,” Butterfil added. Ethereum Sentiment Lifts as Staking, Stablecoin Clarity Drive Momentum Analysts ascribe Ethereum’s improving sentiment to the convergence of several catalysts. After Ethereum’s price recently reclaimed above $2,500, analysts cite validator upgrades improving staking efficiency and reducing supply. “Ethereum is staging a strong comeback from the recent bout of volatility triggered by the…
The post Ethereum Leads Investor Sentiment, Bitcoin Sees Slower Inflows appeared on BitcoinEthereumNews.com.
Crypto inflows continue to extend their multi-week streak, with Bitcoin (BTC) and Ethereum (ETH) still leading despite broader market caution. However, Ethereum remains an outlier, demonstrating significantly higher investor interest or sentiment than Bitcoin. Crypto Inflows Surge to $1.03 Billion Last Week Crypto inflows hit $1.04 billion last week, and while this was significantly lower than the $2.6 billion crypto inflows for the week ending June 28, it marks the 12th straight week of positive flows. The latest CoinShares report indicates that last week’s crypto inflows pushed assets under management (AuM) to $188 billion. The US accounted for most of these flows, recording over 98% with $1.025 billion. More closely, Bitcoin accounted for the lion’s share, recording $790 million out of the $1.042 billion crypto inflows last week. Notably, this was a notable slowdown compared to the week before, where inflows into Bitcoin reached $2.2 billion. James Butterfill, head of research at CoinShares, ascribes this to investor caution, which is likely delaying Bitcoin’s climb to a potential new all-time high. “The moderation in inflows [for Bitcoin in particular] suggests that investors are becoming more cautious as Bitcoin approaches its all-time high price levels,” wrote Butterfill. Crypto Inflows Last Week. Source: CoinShares Meanwhile, Ethereum remains an outlier, marking its 11th consecutive week of positive flows. On a proportional basis, weekly crypto inflows for Ethereum have averaged 1.6% of AuM, significantly higher than Bitcoin’s 0.8%. “This [highlights] a notable shift in investor sentiment in favor of Ethereum,” Butterfil added. Ethereum Sentiment Lifts as Staking, Stablecoin Clarity Drive Momentum Analysts ascribe Ethereum’s improving sentiment to the convergence of several catalysts. After Ethereum’s price recently reclaimed above $2,500, analysts cite validator upgrades improving staking efficiency and reducing supply. “Ethereum is staging a strong comeback from the recent bout of volatility triggered by the…
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