Cryptocurrency

Cardano

Solana

United

Bitcoin ETF

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Cryptocurrency funds have reported <a href="https://blog.coinshares.com/volume-158-digital-asset-fund-flows-weekly-report-5e3b8d0ab63b" rel="noopener noreferrer nofollow">significant inflows</a>, with Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA) and Solana (SOL) leading the charge.
The most recent data from CoinShares indicate a total weekly inflow of $175.6 million across various cryptocurrency products, with Bitcoin alone attracting $154.7 million.
This optimistic trend aligns with expectations around the anticipated approval of a spot-based Bitcoin ETF in the United States.
<h2 id="dominant-bitcoin-and-rising-altcoins">Dominant Bitcoin and rising altcoins</h2>
<a href="https://u.today/warren-buffetts-right-hand-man-slams-bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a> has remained the preferred choice for investors, drawing in a robust $155 million in inflows.
The cumulative inflows over the past two months account for 3.4% of its total assets under management (AUM).
This investor interest in Bitcoin is thought to be connected to the prospect of a U.S. spot-based Bitcoin ETF.
Conversely, products betting against Bitcoin have experienced outflows, with $8.5 million leaving short-Bitcoin funds last week, suggesting a bullish market sentiment for the leading cryptocurrency.
The altcoin market also enjoyed an influx of funds, with Solana leading with $13.6 million, followed by <a href="https://u.today/bitcoin-surpasses-ethereum-in-fees-first-time-in-years" rel="noopener noreferrer nofollow">Ethereum</a> with $3.3 million and Avalanche with $1.8 million. Cardano (ADA), XRP and Litecoin have also experienced decent inflows over the past week.
<h2 id="varied-investor-appetite">Varied investor appetite</h2>
When it comes to the regional distribution of these inflows, North American markets, particularly <a href="https://u.today/shiba-inu-shib-coming-to-canada-with-major-partnership" rel="noopener noreferrer nofollow">Canada</a>, showed a strong appetite for crypto assets, with inflows totaling $97.7 million for the week.&nbsp;
<a href="https://u.today/bitcoin-btc-rises-45-on-fresh-breathtaking-news-from-germany" rel="noopener noreferrer nofollow">Germany</a> trailed closely with $63.3 million, while Switzerland also demonstrated healthy interest with inflows of $35.4 million.
Surprisingly, the <a href="https://u.today/us-government-holds-5b-in-bitcoin-wsj" rel="noopener noreferrer nofollow">United States</a> experienced outflows of $19.2 million despite the hype surrounding the upcoming Bitcoin ETF approval.

XRP, BTC, ETH, ADA, SOL Funds Attract More Inflows: Report

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