Ethereum

United

Bitcoin

Million

<p>A recent report on digital asset fund flows reveals significant trends, with inflows totaling $176 million last week. This analysis highlights the capital movements in digital asset investment products, providing valuable insight for investors and crypto market observers.</p> 
<h2 id="h-inflows-and-outflows-a-week-of-volatility">Inflows and Outflows: A Week of Volatility</h2> 
<p>Last week, digital asset investment products recorded inflows totaling $176 million. This positive trend is mainly attributed to the recent market correction, which crypto investors saw as a buying opportunity. Ethereum was the main beneficiary of <a href="https://www.cointribune.com/en/crypto-ethereum-transactions-fall-by-55-is-the-end-near/" target="_blank" rel="noreferrer noopener">this correction</a>, attracting $155 million in inflows, bringing its year-to-date inflows to $862 million, the highest level since 2021.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<p>Bitcoin experienced outflows at the beginning of the week but ended with significant inflows, totaling $13 million last week. However, market volatility was marked by <a href="https://www.cointribune.com/en/bitcoin-down-3-in-24-hours-161-million-liquidated/" target="_blank" rel="noreferrer noopener">a 3% drop in 24 hours</a>, leading to $161 million in liquidations. In contrast, short Bitcoin investment products recorded their largest outflows since May 2023, with $16 million, reducing assets under management for these short positions to their lowest level since the beginning of the year.</p> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://bitpanda.pxf.io/c/2801338/1295465/15871" target="_blank" rel="noreferrer noopener">Discover the Bitpanda platform</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
</div> 
<h2 id="h-regional-crypto-market-activity">Regional Crypto Market Activity</h2> 
<p>Unusually, all regions recorded inflows into crypto last week, suggesting a unanimous positive sentiment towards the asset class following the recent price correction. The United States, Switzerland, Brazil, and Canada were the most notable, with respective inflows of $89 million, $20 million, $19 million, and $12.6 million. However, the United States remains the only country to have recorded net outflows since the beginning of the month, totaling $306 million.</p> 
<p>The weekly analysis of digital asset fund flows highlights an interesting market dynamic, with investors taking advantage of corrections to strengthen their positions. <a href="https://www.cointribune.com/en/crypto-volatility-economic-factors-that-could-amplify-downturns/" target="_blank" rel="noreferrer noopener">Volatility persists</a>, but recent trends show a renewed interest and confidence in digital assets, underlining their potential in an ever-evolving crypto market.</p>

Crypto: $176 Million In Inflows Into Digital Assets!

Table of Contents

Cointribune EN

Other articles published on Sep 2, 2024

DOGS token suffers a harsh reversal, market cap falls $300m

Pemilu AS 2024: Bagaimana Dampaknya pada Pasar Kripto?

Staking Rewards to Host World’s Largest Staking Summit in Bangkok November 8-9th

Binance Executives' Money Laundering Trial Advanced to September 2 in Nigeria Amid Controversy

Vote Trump Memecoin to Surge 17,000% Ahead of Exchange Listing, As SHIB and BONK Plummet

Why is September Considered a Really Bad Month for Stocks?

Join our free newsletter for daily crypto updates!