Ethereum

Bitcoin

Read

James

<p class="is-style-lead">Recent weeks have seen a massive surge in digital asset investments, with inflows totaling $346 million, led by Bitcoin and Ethereum.</p> 
<p>Investments in digital asset products have surged recently, marking a significant trend in the crypto market. Last week, these products experienced an influx of $346 million in capital, setting a record for the largest weekly investment during a continuous nine-week period of positive flows.</p> 
<p>According to <a href="https://etp.coinshares.com/knowledge/market-activity/fund-flows-27-11-23" target="_blank" rel="noopener">CoinShares</a> report, <a href="https://crypto.news/price/bitcoin/">Bitcoin</a> alone attracted $312 million in new investments last week, with Bitcoin’s year-to-date inflows exceeding $1.5 billion. Enhanced activity in exchange-traded products (ETPs) related to Bitcoin has been observed, with these products accounting for 18% of all Bitcoin spot trading volumes last week.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">ETF Anticipation Fuelling the Largest Surge in Inflows Since Late 2021<a href="https://t.co/kadC8aRml5" target="_blank">https://t.co/kadC8aRml5</a></p>— James Butterfill (@jbutterfill) <a href="https://twitter.com/jbutterfill/status/1729126269332406522?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">November 27, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p> You might also like: <a href="https://crypto.news/vitalik-buterin-unveils-major-overhaul-of-ethereum-staking-to-enhance-decentralization/"> Vitalik Buterin unveils major overhaul of Ethereum staking to enhance decentralization </a> </p> 
<p><a href="https://crypto.news/price/ethereum/">Ethereum</a> also recorded $34 million in inflows last week, contributing to a four-week total of $103 million. This marks a significant reversal from earlier trends of outflows, signaling a shift in investor sentiment towards Ethereum.</p> 
<figure class="wp-block-image size-full is-resized">
 <img loading="lazy" decoding="async" width="771" height="578" src="https://crypto.news/app/uploads/2023/11/1-5.png" alt="Digital asset investment weekly inflow hits $346m, highest in 18 months - 20" class="wp-image-14220706" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
  Fund inflow by asset | Source: <a href="https://a.storyblok.com/f/155294/x/95bb6acaca/coinshares-digital-asset-fund-flows-27-11-23.pdf" target="_blank" rel="noopener">CoinShares</a>
 </figcaption>
</figure> 
<p>Regionally, Canada and <a href="https://crypto.news/german-mp-cotar-wants-bitcoin-as-a-legal-tender/">Germany</a> have been at the forefront of these inflows, contributing 87% of the total. The U.S., on the other hand, has seen relatively modest participation, with only $30 million in inflows last week. This could be attributed to investors awaiting the launch of a spot-based <a href="https://crypto.news/grayscale-updates-spot-bitcoin-etf-application-after-meeting-with-sec/">ETF</a> in the U.S.</p> 
<p>These developments suggest a renewed investor interest and confidence in digital assets, as evidenced by the increasing inflows and the rise in total assets under management to $45.3 billion, the highest in over 18 months. The anticipation of a new ETF in the U.S. and the general bullish trend in the market since late 2021 have been key drivers behind this positive shift.</p> 
<p> Read more: <a href="https://crypto.news/binances-changpeng-zhao-may-spend-10-years-in-prison/"> DOJ doc details length of Binance founder Changpeng Zhao’s possible prison sentence </a> </p>

Digital asset investment weekly inflow hits $346m, highest in 18 months

crypto.news

Other articles published on Nov 27, 2023

Coinbase adds ADA, LINK, DOGE, XLM perpetual future contracts

XRP’s Upcoming Bull Run: Why This Time Will Be Different?

Road To $1: Why Did Terra Classic (USTC) Rise 300% In One Day?

Who is Richard Teng, Binance’s new CEO?

SOL Price (Solana) Close Below $50 Could Spark Larger Degree Correction

Bitcoin Price Prediction: Yusko Predicts BTC Price To Double During the Next Halving Cycle!

Join our free newsletter for daily crypto updates!