Ethereum\u2019s five-week decline has been reversed as ETH-based product inflows jumped to $87 million during the previous week.<\/p>\n
According to Coinshares, this was the first measurable inflow since early August, and it comes amidst a significant revival across digital asset investment products.<\/p>\n
The latest edition of the European asset manager weekly report<\/a> revealed that digital asset investment products experienced inflows for the third consecutive week, amounting to a total of $1.2 billion.<\/p>\n This surge is likely driven by expectations of a dovish monetary policy in the US and the resulting positive price momentum. As a result, total assets under management (AuM) increased by 6.2% over the past week. The sentiment was further catapulted by the approval of options for certain US-based investment products.<\/p>\n However, despite these positive developments, trading volumes did not reflect the same growth and instead suffered a slight decline of 3.1% week-on-week.<\/p>\n Bitcoin attracted $1 billion in weekly inflows, which also encouraged $8.8 million worth of inflows into short-BTC investment products. Solana, on the other hand, witnessed $4.8 million in outflows.<\/p>\n Coinshares also noted that sentiment was divided among altcoins, with Litecoin and XRP receiving inflows of $2 million and $0.8 million over the past week. During the same period, Chainlink and Cardano settled with $0.4 million and $0.1 million in inflows, respectively.\u00a0Meanwhile, BNB recorded outflows of $1.2 million.<\/p>\n Regional sentiment was mixed, as the US attracted $1.2 billion in inflows, and Switzerland followed with $84 million, its highest since mid-2022. Canada and Australia also witnessed minor weekly inflows of $1 million and $0.6 million, respectively.<\/p>\n In contrast, Germany and Brazil posted outflows of $21 million and $3 million. A similar trend was seen across Sweden and Hong Kong which reported $2.5 million and $1 million in outflows over the past week.<\/p>\n The post Ethereum Breaks Losing Streak with $87 Million Inflows: CoinShares<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum\u2019s five-week decline has been reversed as ETH-based product inflows jumped to $87 million during the previous week. According to Coinshares, this was the first measurable inflow since early August, and it comes amidst a significant revival across digital asset investment products. The latest edition of the European asset manager weekly report revealed that digital […]<\/p>\n","protected":false},"author":0,"featured_media":10586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-10585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/10585"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10585"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/10585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/10586"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}