Cardano

United

Dollars

Bitcoin

Billion

<p>Last week, investment products backed by digital assets such as Bitcoin saw nearly 1 billion dollars in net inflows. A massive influx driven by growing expectations of an impending relaxation of strict monetary conditions in the United States. A surge of optimism that quickly stimulated professional investors’ appetite for the crypto sector.</p>
<h2 id="h-an-institutional-tsunami-on-bitcoin">An Institutional Tsunami on Bitcoin</h2>
<p>According to data, no less than 932 million dollars were reinvested last week in digital asset investment products. A massive influx of capital that follows the publication of a lower-than-expected <a href="https://www.cointribune.com/en/bitcoin-is-flying-to-65000-thanks-to-inflation/" target="_blank" rel="noopener noreferrer nofollow">US inflation figure</a> for April.</p>
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 <figure class="aligncenter size-large"><img decoding="async" width="1018" height="1024" src="https://www.cointribune.com/app/uploads/2024/05/IMG_4840-1018x1024.webp" alt="932 million dollars were reinvested last week in digital asset investment products" class="wp-image-694314" srcset="https://www.cointribune.com/app/uploads/2024/05/IMG_4840-1018x1024.webp 1018w, https://www.cointribune.com/app/uploads/2024/05/IMG_4840-298x300.webp 298w, https://www.cointribune.com/app/uploads/2024/05/IMG_4840-150x150.webp 150w, https://www.cointribune.com/app/uploads/2024/05/IMG_4840-768x772.webp 768w, https://www.cointribune.com/app/uploads/2024/05/IMG_4840-250x250.webp 250w, https://www.cointribune.com/app/uploads/2024/05/IMG_4840.webp 1100w" sizes="(max-width: 1018px) 100vw, 1018px">
  <figcaption class="wp-element-caption"><em>Crypto flows last week</em>
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<p>This favorable statistic fed expectations of a potential upcoming monetary easing by the FED. A perspective that immediately triggered significant enthusiasm from institutional investors for Bitcoin in particular. Thus, no less than <a href="https://blog.coinshares.com/volume-183-digital-asset-fund-flows-weekly-report-21f5ffa273a5" target="_blank" rel="noopener noreferrer nofollow">942 million dollars were allocated</a> within a few days to Bitcoin ETFs. An unprecedented level not seen in many months, also marked by positive subscriptions returning at Grayscale.</p>
<h2 id="h-ethereum-still-lagging-behind">Ethereum Still Lagging Behind!</h2>
<p>However, not all digital assets seem to be enjoying the same favorable dynamics for now. This is particularly the case for Ethereum. According to the analysis, ETFs backed by this blockchain saw about 23 million dollars in redemptions over the same period. A rather negative signal reflecting the persistent reservations of some institutional investors regarding this project, which is still facing a very uncertain regulatory environment.</p>
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<p>Beyond leading cryptos like Bitcoin and Ether, other promising altcoins have also managed to capture a part of last week’s massive flows. Projects like Solana, Chainlink, and Cardano have notably emerged as main targets of institutional investments during this period.</p>
<p>This sudden influx from major investors undeniably marks <a href="https://www.cointribune.com/en/crypto-regulation-heres-why-the-senate-is-attacking-the-sec/" target="_blank" rel="noopener noreferrer nofollow">a turning point</a> for decentralized digital assets, especially Bitcoin. Confidence seems to be gradually returning, driven by hopes of a finally more favorable monetary environment. An opportunity for the crypto ecosystem to reconnect with its rapid development dynamics.</p>

Bitcoin: Nearly 1 Billion Dollars in Inflows in One Week!

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