Ethereum

Flow

Millions

Bitcoin

<p style="text-align: justify">Corporate investors’ interest in <a href="https://en.coin-turk.com/the-impact-of-dxy-on-bitcoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> and altcoin-focused investment products has been noteworthy in the past week. This week, there are very striking results, which were announced by CoinShares.</p>
<h2 id="bitcoin-purchases-draw-attention">Bitcoin Purchases Draw Attention</h2>
<p style="text-align: justify">According to the CoinShares report, an important milestone was reached in ETP inflows. Bitcoin and altcoin-focused digital asset investment products received a total of $293 million in inflows last week. Thus, inflows have exceeded $1 billion in the past seven weeks.</p>
<p style="text-align: justify"><img decoding="async" class="alignnone" src="https://miro.medium.com/v2/resize:fit:700/1*W2t7Lnd1O2p9AW6V-fuCfg.png" alt="bitcoin and altcoin inflows" width="700" height="704"></p>
<p style="text-align: justify">This week’s inflows have a significant reflection. According to this, it became the third-highest annual inflow on record. As a result, total assets under management (AUM) increased by 9.6% last week. Since the beginning of the year, this figure has increased by a total of 99%. The total AUM reached $44.3 billion, which is the highest figure since May 2022. Bitcoin ETP trading volumes account for 19.5% of the total trading volumes on reliable exchanges. This indicates that ETP investors are more involved in this rally compared to the years 2020/2021.</p>
<h2 id="millions-flow-to-2-altcoins">Millions Flow to 2 Altcoins</h2>
<p style="text-align: justify">While there were $7 million outflows in Bitcoin-focused short products, this is also an indicator that the positive sentiment continues in the cryptocurrency <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a>. On the other hand, inflows for two altcoins are also noteworthy. <a href="https://en.coin-turk.com/ethereum-may-experience-a-significant-drop-against-bitcoin-warns-analyst/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a> stood out with $49 million inflows. This figure is the highest inflow seen since August 2022.</p>
<p style="text-align: justify"><img decoding="async" class="alignnone" src="https://miro.medium.com/v2/resize:fit:700/1*bIEYO0kUlNDmMi3SWqmI5A.png" alt="corporate inflows cointurk" width="700" height="1437"></p>
<p style="text-align: justify">While these inflows occurred in Ethereum, there have also been significant inflows for Solana, the rising star of recent days. Corporate investors have made a $12 million investment in Solana. Additionally, there was an investment inflow of $800,000 for Cardano. Finally, the outflows in XRP this week are noteworthy. There are $3 million outflows. As seen in the report, it was a positive week. The future direction of the crypto market will depend on whether the upward movement will continue or not.</p> Continue Reading: <a href="https://en.coin-turk.com/corporate-investors-increasing-interest-in-bitcoin-and-altcoin-investment-products/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/corporate-investors-increasing-interest-in-bitcoin-and-altcoin-investment-products/</a>

Corporate Investors’ Increasing Interest in Bitcoin and Altcoin Investment Products

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