United

Bitcoin

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/unprecedented-crypto-investment-flows-and-record-trading-volumes" rel="noopener noreferrer nofollow">Unprecedented Crypto Investment Flows and Record Trading Volumes</a> 
Last week, <a href="https://en.bitcoinhaber.net/bitcoin-reaches-38300-level-for-the-first-time-since-may-2022" rel="noopener noreferrer nofollow">Bitcoin</a> and altcoin investment products witnessed a significant inflow of $1.18 billion USD. Although this figure is below the record $1.5 billion set during the launch of Bitcoin ETFs in October 2021, it underscores the ongoing growth and interest in the digital asset market. Notably, trading volumes reached an all-time high of $17.5 billion last week, a substantial increase from the weekly average of $2 billion in 2022.
The surge in trading volumes, which constituted nearly 90% of the daily transaction volumes on reputable exchanges last Friday, represents a significant deviation from the typical 2-10% range. This highlights the increasing level of activity and engagement in the digital asset space.
The United States emerged as a dominant player with a notable entry of $1.24 billion, while Europe experienced minor outflows; Canada, Germany, and Sweden saw exits of $44 million, $27 million, and $16 million respectively. This trend suggests a potential shift in institutional investors reallocating assets from Europe to the US.
Bitcoin continued to attract significant investor interest with an inflow of $1.16 billion last week, representing 3% of the total assets under management (AuM) in digital asset investment products. Interestingly, short-focused Bitcoin products also recorded a modest inflow of $4.1 million.
Beyond cryptocurrencies, blockchain-focused stocks demonstrated resilience and sustained momentum, securing a total inflow of $98 million. This brings the cumulative inflows over the last seven weeks to an impressive $608 million, highlighting the ongoing interest in blockchain technology and applications. The dynamic landscape of the digital asset market is evidenced by the recent uptick in inflows and record-breaking trading volumes.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/unprecedented-crypto-investment-flows-and-record-trading-volumes" rel="noopener noreferrer nofollow">Unprecedented Crypto Investment Flows and Record Trading Volumes</a></h5>

Unprecedented Crypto Investment Flows and Record Trading Volumes

BH NEWS

Other articles published on Jan 15, 2024

Circle’s USDC sees remarkable growth in Asian remittances and trade finance in latest report

Crypto Market Sentiment: From Greed to Neutral

Anticipating the Rise of DeFi and Stablecoins in 2024

Experts Predict Altcoin Pump Following ETF Approval — Top 3 Altcoins For Your Watchlist

Solana surges by 5% in 24 hours: What’s next – rally or slump?

Bitcoin (BTC) Falls Under $43,000: Analyzing the ETF Approval’s ‘Sell-the-News’ Effect

Join our free newsletter for daily crypto updates!