2024

Solana

Bitcoin ETF

<div class="cryptonews">
 <p class="is-style-lead">Crypto-linked investment products experienced the second-largest <a rel="noopener noreferrer nofollow" title="inflow" href="https://thebittimes.com/tag/inflow.html">inflow</a> of 2024 last week, amounting to $708 million, nearly 99% of which came from Bitcoin.&nbsp;</p>
 <p>The U.S. market recorded $721 million in <a rel="noopener noreferrer nofollow" title="inflows" href="https://thebittimes.com/tag/inflows.html">inflows</a>, with the fresh ETFs alone gathering $1.7 billion. According to CoinShares research, spot Bitcoin ETFs have consistently attracted an average of $1.9 billion in capital over the past month, culminating in a total of $7.7 billion since their approval.&nbsp;</p>
 <p>Bitcoin ETFs have maintained an average <a rel="noopener noreferrer nofollow" title="inflow" href="https://thebittimes.com/tag/inflow.html">inflow</a> of $1.9 billion over the last four weeks, reaching a cumulative $7.7 billion since they were first introduced in the second week of January. Despite this surge, there has been a $6 billion withdrawal from established funds, including Grayscale and ProShares.</p>
 <p>However, recent data indicates a noticeable slowdown in these outflows.</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
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 <figure class="wp-block-image size-full is-resized"><img decoding="async" width="739" height="454" src="https://cdn.thebittimes.com/images/2024/02/06/a352c20587c925cf4f38c93f6083bc7c.webp" alt="Bitcoin ETF investment inflow chart " class="wp-image-14245504" style="width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   Bitcoin ETF investment inflow chart | Source: CoinShares
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 </figure>
 <p>Bitcoin dominated the <a rel="noopener noreferrer nofollow" title="inflow" href="https://thebittimes.com/tag/inflow.html">inflow</a> charts with $703 million, representing 99% of the total investment flow. In contrast, products betting against Bitcoin experienced a slight withdrawal of $5.3 million, aligning with a positive shift in its price trends.</p>
 <p>Among other cryptocurrencies, Solana stood out with $13 million in <a rel="noopener noreferrer nofollow" title="inflows" href="https://thebittimes.com/tag/inflows.html">inflows</a>, surpassing Ethereum and Avalanche, which faced withdrawals of $6.4 million and $1.3 million within the same timeframe.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-assets-saw-708m-inflows-last-week-bitcoin-and-solana-lead-tbt78945.html">https://thebittimes.com/crypto-assets-saw-708m-inflows-last-week-bitcoin-and-solana-lead-tbt78945.html</a></p>

Crypto assets saw $708m inflows last week; Bitcoin and Solana lead

TheBitTimes

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