April

James

<ul>
 <li>The run increases the total net inflows since July 1st to $3.2 billion.</li>
 <li>The trading volumes of exchange-traded products also saw a significant surge, rising 45%.</li>
</ul>
According to the most recent data from <a href="https://thenewscrypto.com/coinshares-nets-116-profit-from-ftx-claim-sale/" target="_blank" rel="noopener noreferrer nofollow">CoinShares</a>, global crypto investment products at asset managers saw net inflows of $1.35 billion last week, marking the third consecutive week of positive activity.
As optimistic sentiment persists, the run increases the total net inflows since July 1st to $3.2 billion, according to CoinShares Head of Research James Butterfill. The trading volumes of exchange-traded products also saw a significant surge, rising 45% from the previous week to $12.9 billion. This accounts for 22% of the total crypto market volumes.
<h3 class="wp-block-heading" id="h-investors-optimistic">Investors Optimistic</h3>
As expected, investment products based on <a href="http://bitcoin.org" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> attracted $1.27 billion in net inflows worldwide, while short-Bitcoin ETPs lost $1.9 million. According to Butterfill, this signifies “enduring positive sentiment since the April halving event.” And takes the net outflow of short Bitcoin to $44 million since March.
Almost $1.2 billion in net inflows were recorded last week by U.S. spot Bitcoin exchange-traded funds; the number for Friday’s inflow for Ark Invest’s ARKB ETF is still pending. At the time of writing, Bitcoin is trading at $67,015 as per data from <a href="http://coinmarketcap.com" target="_blank" rel="noopener noreferrer nofollow">CMC</a>.
As an extra bonus, Butterfill said that Ethereum’s situation seems to have improved. With an additional $45 million in net inflows last week, Ethereum funds have now amassed $103 million, more than Solana’s $71 million, making it the altcoin-based investment product with the highest net inflows year-to-date.
On May 23, eight 19b-4 forms for spot Ethereum were authorized by the <a href="http://sec.gov" target="_blank" rel="noopener noreferrer nofollow">SEC</a>. Having said that, trading cannot commence until the issuers’ S-1 registration statements become effective, which is expected to occur on Tuesday.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/will-bitcoin-hit-new-highs-amid-u-s-political-rundown/" target="_blank" rel="noopener noreferrer nofollow">Will Bitcoin Hit New Highs Amid U.S. Political Rundown?</a>

Crypto Investment Products Witnesses $1.35B Inflows Amid Positive Sentiment

Daftar Isi

TheNewsCrypto

Artikel lain yang dipublikasikan pada 22 Jul 2024

Solana Shows Potential for Significant Price Increase

Solana to $2500, CYBRO and MATIC to $25 After Thursday? All You Need To Know About ETH ETF Starts...

Choose the Best eCash (XEC) Wallet: A Comprehensive Guide

Grayscale Introduces AI Crypto Fund

Degens’ Official 2024 Olympics Meme Coin Raises Over $200k In Just A Few Days Of Presale

More Than 98k People Joined BlockDAG’s $2M Giveaway Amid Bullish Expectations For Toncoin (TON) &...

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!