Ethereum

Litecoin

Bitcoin

Crypto investment products saw massive inflows last week, pulling in $1.35 billion, per the latest <a href="https://blog.coinshares.com/volume-192-digital-asset-fund-flows-weekly-report-1f25c92e38fe" rel="nofollow noopener" target="_blank">data</a> from CoinShares. This brings the three-week total to an impressive $3.2 billion. 
Exchange-traded product (ETP) trading volumes also shot up by 45% compared to the previous week, reaching $12.9 billion.&nbsp; Despite this surge, ETPs only accounted for 22% of the total crypto market volume, which is lower than usual. 
<img loading="lazy" decoding="async" class="alignnone wp-image-558710 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.43.15.jpg" alt="Crypto investment products pulled in $1.35 billion last week" width="1353" height="818" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.43.15.jpg 1353w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.43.15-300x181.jpg 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.43.15-1200x725.jpg 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.43.15-768x464.jpg 768w" sizes="(max-width: 1353px) 100vw, 1353px"> 
<h3 id="span-style-font-weight-400-bitcoin-s-big-week-span">Bitcoin’s big week</h3> 
Bitcoin was the star of the show, pulling in $1.27 billion in inflows last week. On the other side, short-bitcoin ETPs saw outflows of $1.9 million, continuing a trend that has seen $44 million in outflows since March.&nbsp; 
This outflow is 56% of assets under management (AUM) for short-bitcoin products. Ethereum also saw positive momentum, with $45 million in inflows last week. This brings Ethereum’s YTD inflows to $103 million, overtaking Solana. 
Solana did manage to pull in $9.6 million last week, bringing its YTD inflows to $71 million. Litecoin was another altcoin that saw decent activity, with $2.2 million in inflows. 
<img loading="lazy" decoding="async" class="alignnone wp-image-558711 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.35.55.jpg" alt="Crypto investment products pulled in $1.35 billion last week" width="1364" height="911" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.35.55.jpg 1364w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.35.55-300x200.jpg 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.35.55-1200x801.jpg 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-22-at-17.35.55-768x513.jpg 768w" sizes="(max-width: 1364px) 100vw, 1364px"> 
But blockchain equities had a rough week, as they saw outflows of $8.5 million even as most ETFs outperforming world equity indices, said CoinShares. 
Last week, from July 15 to July 19, Bitcoin spot ETFs had a net inflow of $1.24 billion. This marked 11 consecutive days of net inflows. 
Grayscale’s GBTC ETF, however, saw a net outflow of $56.12 million. BlackRock’s IBIT ETF had a net inflow of $707 million, and Fidelity’s FBTC ETF saw $244 million in net inflows. 
Related: <a href="https://www.cryptopolitan.com/jpmorgan-bullish-reversal-impossible-crypto/">JPMorgan thinks a bullish reversal is impossible for crypto market</a> 
Regionally, the inflows and outflows were mixed. The US led the pack with $1.3 billion in inflows, followed by Switzerland with $66 million. 
However, Brazil and Hong Kong did not fare as well. Brazil saw outflows of $5.2 million, while Hong Kong had $1.9 million in outflows.

Crypto investment products pulled in $1.35 billion last week

Table of Contents

Cryptopolitan_News

Autres articles publiés le 22 juil. 2024

New Meme Coin Presale MOONHOP Nears $1M, Where do Dogwifhat Price & Popcat Stand in Meme Coin Race?

BODEN trader loses nearly $8M, but ‘memecoin season’ still on track

Metaplanet Buys 20.38 BTC, Finishes $6.26M Bitcoin Plan, Stock Jumps 19%

Why This Crypto Expert Is Betting Big on Altcoins (and What It Means for You)

Bitcoin Surges as Wall Street Opens Amid Biden Reelection Uncertainty

India’s Crypto TDS Policy Unlikely to Change, Experts Say

Join our free newsletter for daily crypto updates!