Ethereum

Bitcoin

Notable

Gains

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereum-gains-in-crypto-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum Gains in Crypto Market</a><br></p>
<p style="text-align: justify">The cryptocurrency market’s latest correction has opened up new avenues for <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>, with Ethereum taking the lead in gains. According to a report by CoinShares, weekly inflows to crypto asset investment products reached $176 million, indicating that investors are seizing the price dip as a buying opportunity.</p>
<h2 id="why-did-ethereum-stand-out">Why Did Ethereum Stand Out?</h2>
<p style="text-align: justify">Ethereum saw the most significant benefit from the recent market correction, amassing $155 million in inflows last week alone. This increased its total inflows for the year to $862 million. The launch of spot-based ETFs in the US played a crucial role in this surge, marking the highest inflow Ethereum has seen since 2021.</p>
<p style="text-align: justify">On the other hand, <a href="https://en.bitcoinhaber.net/bitcoin-miners-drive-market-down" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> started the week with positive inflows, totaling $13 million by week’s end. However, it also experienced substantial outflows in short-focused Bitcoin ETPs, with $16 million flowing out—the most considerable outflow since May 2023. This suggests a decline in short-term bearish bets and renewed investor confidence in the market.</p>
<h2 id="how-is-the-global-market-responding">How Is the Global Market Responding?</h2>
<p style="text-align: justify">Global interest in crypto assets has shown a consistent positive trend across various regions. Notable inflows were recorded in leading markets such as the US, Switzerland, Brazil, and Canada, with $89 million, $20 million, $19 million, and $12.6 million, respectively. The US, which had earlier recorded net outflows, showed an encouraging positive trend in weekly <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a>.</p>
<p style="text-align: justify">Total assets under management (AuM) in crypto asset investment products fell to $75 billion due to the market correction but rebounded to $85 billion this week. Trading volume in exchange-traded products (ETPs), which are popular among investors, reached $19 billion, surpassing the year-to-date weekly average of $14 billion.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<p style="text-align: justify">For investors looking to capitalize on these trends, here are some actionable insights:</p>
<ul>
 <li>Ethereum’s inflows suggest strong institutional interest, making it a potentially lucrative option.</li>
 <li>The decline in short-focused Bitcoin ETPs indicates shifting sentiments, presenting a buying opportunity.</li>
 <li>Rising trading volumes in ETPs could signal increased liquidity and market stability.</li>
 <li>Positive trends in global markets show growing international investor confidence in crypto assets.</li>
</ul>
<p style="text-align: justify">These insights can help investors make informed decisions in this evolving market landscape.</p>
<p style="text-align: justify">The recent market correction has created new investment opportunities, with Ethereum emerging as the top performer. The global trend suggests a growing confidence in crypto assets, making it an exciting period for investors.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ethereum-gains-in-crypto-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum Gains in Crypto Market</a></h5>

Ethereum Gains in Crypto Market

Table of Contents

BH NEWS

Other articles published on Aug 12, 2024

FTX Ordered to Pay $12.7 Billion to Creditors in Fraud Settlement

Solana StruggleS for ETF Approval Amid SEC Hurdles, Sygnum Bank Analyst Says

Top Crypto Presales of 2024: Explore Avalanche, the Hidden Gems You Can’t Afford to Miss

BabyDogeCoin Launches BabyDogeKids YouTube Channel for Children's Educational Content

The Reasons Behind Bitcoin's Recent Market Downturn

Shiba Inu Community on Telegram Must Pay Close Attention, Here's Why

Join our free newsletter for daily crypto updates!