Investor confidence in Bitcoin saw a powerful comeback as the asset drew $2.4 billion in inflows. This figure is its biggest weekly tally since July. Meanwhile, short-Bitcoin products lost ground, with outflows trimming their assets under management to $86 million.<\/p>\n
Ethereum also benefited from the change in sentiment. After eight days of consistent withdrawals, it posted four straight days of inflows last week, which added up to $646 million.<\/p>\n
According to the latest edition of CoinShares\u2019 Digital Asset Fund Flows Weekly Report, following weaker US macroeconomic figures, digital asset products shifted<\/a> back to inflows and collected $3.3 billion last week. The rally in prices toward week\u2019s end supported the climb in assets under management, which hit $239 billion. This level stands just below the all-time high of $244 billion recorded in early August.<\/p>\n In addition to Bitcoin and Ethereum, funds related to Solana also saw its largest-ever single-day inflow on Friday at $145 million, which contributed to a weekly total of $198 million. XRP and Sui also noted similar traction as they attracted $32.5 million and $14 million in inflows, respectively. Next up were Chainlink, Cardano, and Cronos, which registered $1.5 million, $1 million, and $0.3 million, respectively.<\/p>\n On the other hand, multi-asset products witnessed<\/a> $1.1 million outflows similar to the previous week. Aave and Avalanche-based funds also saw minor outflows of $1.08 million and $0.66 million during the same period, respectively.<\/p>\n Across regions, investor sentiment remained largely optimistic. The United States dominated the week by bringing in $3.2 billion in inflows. Germany followed with $160 million, including its second-largest daily intake on record on Friday. Canada added $14.1 million, while Brazil and Hong Kong contributed $5.4 million each, and Australia registered $2.4 million.<\/p>\n However, not all regions shared the bullish momentum. Despite the broader positive sentiment, Switzerland, for one, noted heavy outflows of over $92 million, as it offset some gains, while Sweden also posted $5.6 million in outflows.<\/p>\n The post Bitcoin and Ethereum Dominate $3.3B Crypto Inflow Wave Amidst Rebound<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Investor confidence in Bitcoin saw a powerful comeback as the asset drew $2.4 billion in inflows. This figure is its biggest weekly tally since July. Meanwhile, short-Bitcoin products lost ground, with outflows trimming their assets under management to $86 million. Ethereum also benefited from the change in sentiment. After eight days of consistent withdrawals, it […]<\/p>\n","protected":false},"author":0,"featured_media":96797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-96796","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\/96796"}],"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=96796"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/96796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/96797"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}US Leads Crypto Surge With Record Inflows<\/h2>\n