Ethereum

Solana

Bitcoin

In the rapidly evolving landscape of digital asset investments, the past week marked a significant milestone as inflows surged, surpassing the US$1 billion mark in a remarkable seven-week streak. Year-to-date, the influx of US$1.14 billion now stands as thethird-highest annual figure on record.&nbsp; Impressive growth in Assets Under Management (AuM) 
The momentum causing this surge is reflected in a substantial 9.6% increase in total assets under management (AuM) over the last week. Notably, AuM has skyrocketed by an impressive 99% since the beginning of the year, reaching a peak of US$44.3 billion; the highest since the crypto fund setbacks in May 2022.
Related Article: <a href="https://news.todayq.com/ethereum-extends-lead-while-solana-slumps/" rel="noopener noreferrer nofollow">Traders bet big on Ethereum’s positive bullish run</a> Bitcoin ETP trading volume and price surge 
Bitcoin exchange-traded product (ETP) trading volumes also caught everyone’s attention, comprising a notable 19.5% of total Bitcoin trading volumes on reputable exchanges. In the past few weeks, Bitcoin, the leading cryptocurrency, experienced a remarkable 32% surge in its price.&nbsp;
This upswing follows optimistic sentiments surrounding the anticipated approval of a spot BTC ETF, propelling Bitcoin to surpass the eagerly anticipated $37,000 threshold for the first time since May 2022, reaching a peak of $37,904 on Friday morning. This trend, a rarity until now, indicates a heightened involvement of ETP investors in the ongoing rally, distinguishing it from the trends observed in 2020 and 2021.
Bitcoin continues to dominate, with last week’s inflows reaching US$240 million, contributing to year-to-date inflows of US$1.08 billion. Contrastingly, short-bitcoin experienced US$7 million outflows, signaling a prevailing positive sentiment among investors.&nbsp; Revival of Ethereum and other altcoins 
However, Ethereum witnessed a revival in investor confidence, with its largest inflows since August 2022; US$49 million in the past week. The recent turnaround in sentiment is attributed to the anticipation surrounding a spot-based ETF listing request in the US. Solana also experienced a boost with additional inflows totaling US$12 million.
The broader crypto market also saw positive movements in blockchain equity exchange-traded funds (ETFs), attracting US$14 million, the highest since July 2022. Year-to-date flows for <a href="https://news.todayq.com/expert-signals-potential-approval-for-the-bitcoin-etf-this-week/" rel="noopener noreferrer nofollow">blockchain equity ETFs</a> are now in positive territory, standing at US$11 million. As digital asset investments continue to redefine market dynamics, the recent milestones signal resilient and growing interest in the crypto space, underlining the evolving landscape for investors and enthusiasts alike.
© Todayq News

Bitcoin soars: Record inflow, price surge, ETP volume amid Potential ETF approval

Todayq News

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