Cryptocurrency

United

Solana

Bitcoin

Polygon

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/explosive-week-in-cryptocurrency-investments-as-etfs-soar" rel="noopener noreferrer nofollow">Explosive Week in Cryptocurrency Investments as ETFs Soar</a><br></p>
<p style="text-align: justify">In a recent release, the CoinShares report has shed light on a remarkable week for cryptocurrency investors. The report discloses a staggering net inflow of $1.84 billion, predominantly from the United States, into crypto investment products within a seven-day span. This period also marked the second-largest weekly contribution for the year, accompanied by a record-breaking $30 billion trading volume.</p>
<h2 id="investment-surge-in-digital-assets">Investment Surge in Digital Assets</h2>
<p style="text-align: justify">The analysis of the CoinShares report points to an overwhelming interest in <a href="https://en.bitcoinhaber.net/anticipation-builds-for-cryptocurrency-markets-next-growth-phase" rel="noopener noreferrer nofollow">Bitcoin</a>, with 94% of the inflow directed towards the leading cryptocurrency, representing an addition of $1.72 billion. This surge positions the total value of crypto investment products at $82.6 billion, nearing the all-time high recorded in November 2021 after an additional net growth of $3.5 billion.</p>
<h2 id="altcoins-and-funds-performance">Altcoins and Funds Performance</h2>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/ethereum-worth-millions-transferred-by-bankrupt-crypto-companies" rel="noopener noreferrer nofollow">Ethereum</a>, the second most prominent cryptocurrency, witnessed its highest weekly inflow since mid-July 2022, amounting to $85 million. Meanwhile, Polygon (MATIC) also experienced a substantial inflow of $7.6 million, making up 22% of its total investment product’s value. On the contrary, <a href="https://en.bitcoinhaber.net/solanas-impressive-turnaround-and-future-value-insights" rel="noopener noreferrer nofollow">Solana</a> (SOL) faced a withdrawal of $12 million.</p>
<p style="text-align: justify">In contrast to the general market uptrend, the Short Bitcoin fund attracted $22 million, signifying a hedge against potential downturns. This diverse investment activity within the cryptocurrency space indicates a robust and dynamic market, with investors showing confidence in both established and emerging digital assets.</p>
<p style="text-align: justify">Overall, the report underscores a significant week for cryptocurrency investments, with a particular focus on Exchange-Traded Funds (ETFs) that have captured a notable portion of the market, especially with Bitcoin’s price hovering above $65,000.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/explosive-week-in-cryptocurrency-investments-as-etfs-soar" rel="noopener noreferrer nofollow">Explosive Week in Cryptocurrency Investments as ETFs Soar</a></h5>

Explosive Week in Cryptocurrency Investments as ETFs Soar

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