Bitcoin

Ethereum

Solana

Last week, there was an influx of $176 million into crypto investments after a recent decline in <a href="https://optimisus.com/news/crypto-news/bitcoin-btc-surges-past-62000-but-faces-crucial-test-at-60600/" rel="noopener noreferrer nofollow">the market</a>. Investors viewed the decrease in prices as a chance to broaden their portfolios and reduce risk.The aggregate value of crypto goods being managed, known as Assets Under Management (AUM), rebounded to approximately $85 billion following a decline of $75 billion caused by a market slump.The resurgence was fueled by a substantial surge in the trading of exchange-traded products (ETPs), with last week’s trading volume greatly above the average weekly volume for the year.Inflows were observed in all locations, suggesting a favorable perspective on cryptocurrency assets following the drop. Ethereum experienced substantial gains, as the introduction of spot Ethereum ETFs contributed to increased inflows, resulting in a high year-to-date total.Multiple locations experienced significant influxes, indicating worldwide interest in cryptocurrency investments. The United States had the highest amount of inflow, followed by Switzerland, Brazil, and Canada.The significant influx of funds into Ethereum indicates that it continues to be a preferred investment option during periods of market instability. The huge increase in funds received last week has contributed to its total growth throughout the year.<a href="https://optimisus.com/news/crypto-news/morgan-stanleys-plan-to-offer-bitcoin-etfs-to-clients-could-lead-to-increased-regulatory-scrutiny/" rel="noopener noreferrer nofollow">Bitcoin exchange-traded funds (ETFs)</a> experienced volatility, beginning the week with net withdrawals. However, BlackRock’s IBIT and other funds maintained stability, indicating that investors are maintaining their positions. Bitcoin exchange-traded funds (ETFs) showed tenacity by bouncing back from initial withdrawals and finishing the week with a positive performance.

Investors pour $176 million into crypto assets last week

Optimisus

Other articles published on Aug 13, 2024

Attention! Bitcoin Whales Are On The Move! They Bought Large Amounts of BTC at These Levels!

Metaplant Boosts Bitcoin Holdings to 303 BTC, Aims to Lead Asia

Coinbase Expands its Crypto Services to Hawaii

Arbitrum’s Upswing Potential: Analyst Forecasts 200% Surge

Unioverse Launches its Action-Packed Game Hoverdrome, Announces $15,000 Tournament

Venezuelans cut off from Binance: How is this related to elections?

Join our free newsletter for daily crypto updates!