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<p>The post <a href="https://coinpedia.org/news/crypto-market-report-q2-2024-solana-and-litecoin-attract-3m-combined-inflows-last-week/">Crypto Eyes Rebound? Bitcoin Inflows, Ethereum ETF Hype Spark Optimism</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>As the second quarter of 2024 wrapped up, CoinShares’ latest report reveals a mixed bag for digital asset investments. Despite witnessing three consecutive weeks of cash inflows, the total cash flow for digital asset investment products took a dip last week, ending with a negative $30 million.</p> 
<p>Here’s all you need to know.</p> 
<h2 class="wp-block-heading" id="h-ethereum-faces-major-outflows">Ethereum Faces Major Outflows</h2> 
<p>In a concerning trend, Ethereum’s investment products experienced a significant cash outflow of approximately $60.7 million in the final week of June. This decline brings Ethereum’s assets under management (AUM) to a total of $14.35 billion. The persistent outflow has dampened the overall bullish outlook for the second-largest cryptocurrency by market cap.</p> 
<h2 class="wp-block-heading" id="h-bitcoin-and-altcoins-make-moves">Bitcoin and Altcoins Make Moves</h2> 
<p>On a brighter note, <a href="https://etp.coinshares.com/knowledge/market-activity/fund-flows-01-07-24?utm_source=twitter&amp;utm_medium=social&amp;utm_campaign=MA_FundFlows_0724&amp;utm_content=fund-flows-01-07-24">Bitcoin’s investment products</a> saw a cash inflow of about $10 million last week, lifting its AUM to a robust $67.57 billion. Additionally, Solana (SOL) and Litecoin (LTC) reported modest inflows of $1.6 million and $1.4 million, respectively, signaling some positive momentum for these assets.</p> 
<p><strong>Geographic Insights: Where is the Cash Flowing?</strong></p> 
<p>The United States led the charge in cash inflows, contributing approximately $43 million. Brazil and Australia followed with inflows of $7.6 million and $3 million, respectively, showcasing strong regional interest in digital assets.</p> 
<h2 class="wp-block-heading" id="h-ethereum-s-bullish-future">Ethereum’s Bullish Future</h2> 
<p>Despite the recent cash outflows, the upcoming introduction of spot Ethereum ETFs in the United States is expected to ignite a wave of bullish sentiment. With billions of dollars poised to enter the Ethereum ecosystem in the coming months, the altcoin is well-positioned for a potential parabolic phase.</p> 
<p>The gradual global adoption of Web3 protocols and digital assets has bolstered overall crypto liquidity. A rebound seems imminent. Historically, July has been a bullish month for the crypto industry, reinforcing the positive outlook for the coming weeks.</p> 
<p><strong>Will Ethereum overcome its recent outflows and capitalize on the upcoming ETF hype? Exciting times are ahead!</strong></p>

Crypto Eyes Rebound? Bitcoin Inflows, Ethereum ETF Hype Spark Optimism

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