Ethereum

Solana

Bitcoin

Shiba Inu

Chainlink

Digital asset investment products like Bitcoin and others witnessed a weekly inflow of funds rising, for a sixth week.
According to the Digital Asset Fund Flows Weekly Report by&nbsp;<a rel="noopener noreferrer nofollow" class="editor-rtfLink" href="https://blog.coinshares.com/volume-156-digital-asset-fund-flows-weekly-report-5c181a52ce1a" target="_blank">CoinShares</a>, it’s revealed that digital asset investment products saw inflows totaling $261 million. This marks the continuation of bullish sentiments of the crypto trade market, accumulating a total of $767 million in inflows over the last six weeks.
<h2 id="span-data-preserver-spaces-true-bitcoin-weekly-inflows-span">Bitcoin Weekly Inflows</h2>
As per a recent report, of all the digital assets, <a href="https://coingape.com/glossary/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> saw most of the rise in share with inflows, totaling $229m. The calculation of inflows takes the total inflows in 2023, to US$842m.
Furthermore, if the inflows continue to rise, amid the speculation of spot ETF approval of Bitcoin, there could be a massive hike and rise in the growth of Bitcoin amongst traders and investors.
Speaking of <a href="https://coingape.com/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a>, it witnessed a 0.20% upward trend, trading at $35,193.33. In addition, the market cap of the crypto was up 0.22% to $688.07 billion, while its volume over the past 24 hours was up 27.43% to $13 billion.
Also Read: <a href="https://coingape.com/ripple-clo-stuart-alderoty-slams-gensler-stance-on-crypto-legal-counsel/" target="_blank" rel="noopener noreferrer nofollow">Ripple CLO Stuart Alderoty Slams Gensler’s Stance On Crypto Legal Counsel As ‘Threat To Rights’</a>
<h2 id="span-data-preserver-spaces-true-ethereum-witnessed-largest-inflows-since-august-2022-span">Ethereum Witnessed Largest Inflows Since August 2022</h2>
Speaking of Ethereum, it also witnessed the largest inflows since August 2022, totaling US$17.5 million. As per the shared report, Ethereum started with bad outflows this year, totaling US$107 million, but later recorded the largest inflows since August 2022.
Furthermore, the price of Ethereum is trading at a 0.32% upward trend of $1,899.06, with a market cap value of $228.30 billion and a circulating supply of 120,269,158, during writing.
Besides Bitcoin and Ethereum, which were the highlights of the digital asset’s inflows, other altcoins, such as Solana saw inflows totaling $11 million, while Chainlink witnessed inflows of $2 million. These altcoins represented 17% of total assets under management, whereas the other digital assets Polygon and Cardano, reportedly saw inflows of $0.8 million and US$0.5 million,&nbsp; respectively.
Lastly, as per the CoinShares data, investments saw major gains by investors in, the U.S., Switzerland, and Canada.
Also Read: <a href="https://coingape.com/shiba-inu-coin-price-prediction-why-shib-is-set-for-a-massive-rally-this-week/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu Coin Price Prediction: Why SHIB Is Set For A Massive Rally This Week</a>
The post <a rel="noopener noreferrer nofollow" href="https://coingape.com/investors-pour-261-mln-into-digital-assets-bitcoin-leads-inflows/">Investors Pour $261 Mln into Digital Assets, Bitcoin Leads Inflows</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coingape.com">CoinGape</a>.

Investors Pour $261 Mln into Digital Assets, Bitcoin Leads Inflows

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