Cardano

Solana

Polkadot

when

James

<p class="is-style-lead">The inflow into cryptocurrency investment products from March 23 to 29 amounted to $862 million after an outflow of $942 million a week earlier.</p>
<p>As Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) recovered toward $70,000, assets under management increased from $88.2 billion to $97.9 billion, according to CoinShares analysts.</p>
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   <p lang="en" dir="ltr">A recovery for Bitcoin ETFs, with US$862m inflows last week <a href="https://t.co/D1OWUSdGIU" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/D1OWUSdGIU</a></p>— James Butterfill (@jbutterfill) <a href="https://twitter.com/jbutterfill/status/1774752626850075053?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 1, 2024</a>
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<p>You might also like: <a href="https://crypto.news/bitcoin-futures-open-interest-options/" rel="noopener noreferrer nofollow"> Bitcoin futures open interest hits record $36b before options expiry </a></p>
<p>The main activity continued to concentrate on Bitcoin-related products. The $865 million inflows nearly offset the record $904 million withdrawal of funds the previous week.</p>
<p>Clients took $2 million after $3.7 million a week earlier from structures that allow opening shorts on the first cryptocurrency. In Ethereum (<a href="https://crypto.news/price/Ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>) funds, the outflow weakened from $34.2 million to $18.9 million. Investors invested $6.1 million, $2.4 million, and $1 million in instruments based on Solana (<a href="https://crypto.news/price/Solana/" target="_blank" rel="noopener noreferrer nofollow">SOL</a>), Polkadot (<a href="https://crypto.news/price/Polkadot/" target="_blank" rel="noopener noreferrer nofollow">DOT</a>), and Cardano (<a href="https://crypto.news/price/Cardano/" target="_blank" rel="noopener noreferrer nofollow">ADA</a>) $1 million, respectively.</p>
<p>At the end of March, <a href="https://crypto.news/tag/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> closed in positive territory for the seventh month. According to CoinGlass, the price of the first cryptocurrency increased by 16.8% in March.</p>
<p>Bitcoin’s all-time high price was reached on March 12, when it rose to $73,000. However, it fell to $61,000 in several trading sessions before returning to $70,000 by the end of the month. The decline in the price of the first cryptocurrency in mid-March coincided with an outflow of funds from <a href="https://crypto.news/tag/etf/" target="_blank" rel="noopener noreferrer nofollow">ETFs</a> and a decrease in the likelihood of the imminent launch of ETFs on <a href="https://crypto.news/tag/Ethereum/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>.</p>
<p>You might also like: <a href="https://crypto.news/bitcoin-halving-will-bring-mass-adoption-to-web3-gaming-opinion/" rel="noopener noreferrer nofollow"> Bitcoin halving will bring mass adoption to web3 gaming | Opinion </a></p>

Crypto investment products see inflows of $862m

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