Digital asset investment products experienced a record-breaking week, with $3.13 billion in inflows, pushing total investments since mid-September \u2013 the start of US interest rate cuts \u2013 to $15.2 billion.<\/p>\n
According to CoinShares, year-to-date inflows have soared to $37 billion, thereby setting a new milestone and outshining the initial success of US Gold ETFs, which attracted only $309 million in their first year. Bitcoin ETFs continued to shine, with the largest inflows on record last week.<\/p>\n
With Bitcoin prices climbing to new heights and edging<\/a> closer to $100k, the cryptocurrency saw $3 billion in inflows, highlighting strong investor demand. However, this bullish momentum was accompanied by a notable uptick in short-Bitcoin investments, which saw $10 million in weekly inflows. Over the month, inflows into short-Bitcoin products reached $58 million, representing the highest monthly total since August 2022.<\/p>\n In its latest report<\/a>, CoinShares revealed that Solana led the altcoin pack last week with $16 million in inflows, far surpassing Ethereum\u2019s $2.8 million, though it continues to trail the latter\u2019s year-to-date performance.<\/p>\n Meanwhile, XRP, Litecoin, and Chainlink each saw significant inflows, reaching $15 million, $4.1 million, and $1.3 million, respectively.\u00a0Cardano, too, garnered a modest inflow of $0.7 million during the same period.<\/p>\n In contrast, multi-asset investment products suffered outflows for the second week in a row, with a total of $10.5 million exiting the market.<\/p>\n While the United States recorded $3.2 billion in inflows, profit-taking activities in Sweden, Germany, and Switzerland led to outflows of $84 million, $40 million, and $17 million, respectively, following recent price surges. Brazil also experienced a significant outflow of $12.5 billion, further dampening the global picture.<\/p>\n However, Canada, Hong Kong, and Australia offered a silver lining, drawing inflows of $31 million, $30 million, and $9 million as market sentiment turned positive in these regions.<\/p>\n The post Bitcoin Attracts $3 Billion Weekly Inflows as Prices Neared $100K Milestone<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Digital asset investment products experienced a record-breaking week, with $3.13 billion in inflows, pushing total investments since mid-September \u2013 the start of US interest rate cuts \u2013 to $15.2 billion. According to CoinShares, year-to-date inflows have soared to $37 billion, thereby setting a new milestone and outshining the initial success of US Gold ETFs, which […]<\/p>\n","protected":false},"author":0,"featured_media":23397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-23396","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\/23396"}],"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=23396"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/23397"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}