Ethereum extended its streak of inflows to seven consecutive weeks, accumulating $3.7 billion during this period, with $1 billion recorded last week alone.<\/p>\n
This highlights improving investor sentiment toward the world\u2019s second-largest cryptocurrency.<\/p>\n
According to the latest edition of CoinShares\u2019 Digital Asset Fund Flows Weekly Report<\/a>, overall, digital asset investment products saw $3.2 billion in inflows last week. This was the 10th consecutive week of positive momentum, bringing total inflows this year to a whopping $44.5 billion \u2013 over four times higher than any previous year.<\/p>\n ETPs have seen weekly trading volumes averaging $21 billion, making up 30% of Bitcoin trading on trusted exchanges. Bitcoin\u2019s daily trading volume across all investment types on trusted exchanges averaged $8.3 billion this year, twice that of the FTSE 100.<\/p>\n Interestingly, Bitcoin investment products contributed $2 billion to the weekly inflows, reaching $11.5 billion since the US election. Amidst recent price surges, short Bitcoin products gained $14.6 million, although assets under management (AuM) for this category remain modest at $130 million.<\/p>\n After Ethereum, XRP was the biggest winner among the altcoins, seeing inflows of $145 million as hopes rose for a US-listed ETF. Another factor that could have catalyzed this trend was the imminent debut<\/a> of Ripple\u2019s newly NYDFS-approved stablecoin RLUSD.<\/p>\n Next up was Litecoin, with $2.2 million in inflows over the past week, followed by Cardano with $1.9 million and Solana with $1.7 million. Additionally, Binance and Chainlink attracted $0.7 million in inflows each. On the other hand, multi-asset products faced yet another setback, with $31 million in outflows during the same period.<\/p>\n Meanwhile, there was a positive trend across regions, with inflows recorded in all areas. The US topped the list with $3.14 billion in inflows. Next up were Switzerland with $35.6 million and Germany with $32.9 million over the past week. Brazil also saw strong inflows of $24.7 million, with Hong Kong, Canada, and Australia adding $9.7 million, $4.9 million, and $3.8 million, respectively. In contrast, Sweden faced outflows of $19 million.<\/p>\n The post Ethereum\u2019s Streak of Inflows Continues: $1 Billion in 1 Week<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum extended its streak of inflows to seven consecutive weeks, accumulating $3.7 billion during this period, with $1 billion recorded last week alone. This highlights improving investor sentiment toward the world\u2019s second-largest cryptocurrency. The Market: Zooming Out According to the latest edition of CoinShares\u2019 Digital Asset Fund Flows Weekly Report, overall, digital asset investment products […]<\/p>\n","protected":false},"author":0,"featured_media":28851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-28850","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\/28850"}],"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=28850"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/28850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/28851"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}XRP Sees Renewed Interest<\/h2>\n