Ethereum

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-show-strong-interest-in-bitcoin-and-ethereum/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Show Strong Interest in Bitcoin and Ethereum</a><br></p>
<p style="text-align: justify"><strong>Crypto</strong>-based investment products present a complex landscape filled with intertwined dynamics and ever-changing trends. The performances of Bitcoin and <a href="https://en.coin-turk.com/sec-may-approve-spot-ethereum-etf-applications-soon/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a> serve as significant indicators capturing investors’ attention, while the impact of current <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market conditions</a> on cryptocurrencies is also revealed. Last week, crypto asset investment products drew attention with an inflow of $245 million. Bitcoin and Ethereum emerged as two standout assets attracting investor interest despite the overall stagnation.</p>
<h2 style="text-align: justify" id="bitcoin-attracts-519-million-inflows">Bitcoin Attracts $519 Million Inflows</h2>
<p style="text-align: justify">Bitcoin showcased a remarkable performance with $519 million in inflows. These strong inflows brought Bitcoin’s total inflows this month to $3.6 billion, and year-to-date inflows to $19 billion.</p>
<p><img fetchpriority="high" decoding="async" class="wp-image-374761 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-26.png" alt="" width="840" height="558"></p>
<p style="text-align: justify">This increase in Bitcoin emerged due to a series of factors. Notably, the perception of Bitcoin as a potential strategic reserve asset and speculations about a possible interest rate cut by the Federal Reserve in September 2024 boosted investors’ confidence in <strong>Bitcoin</strong>. This situation reinforced Bitcoin’s reliability and appeal.</p>
<h2 style="text-align: justify" id="ethereum-sees-inflows-and-outflows-with-etfs">Ethereum Sees Inflows and Outflows with ETFs</h2>
<p style="text-align: justify"><strong>Ethereum</strong> is experiencing a period of significant interest with the launch of spot-based ETFs. An investment of $2.2 billion, one of the highest inflow figures since December 2020, highlighted the impact of Ethereum ETFs. However, this positive development was overshadowed by simultaneous outflows from existing Ethereum products.</p>
<p style="text-align: justify">Grayscale’s Ethereum Trust, as a significant player, witnessed an outflow of $1.5 billion, leading to a net outflow of $285 million across all Ethereum investment products. These outflows reflect a similar situation observed following the ETF launches in January 2024.</p>
<h2 style="text-align: justify" id="trading-volumes-for-crypto-assets">Trading Volumes for Crypto Assets</h2>
<p style="text-align: justify">Trading volumes for cryptocurrencies reached their highest levels since May, totaling $14.8 billion throughout the week. This increase, supported by the Ethereum ETF launches, contributed to the rise in total assets under management (AuM) to $99.1 billion.</p>
<p style="text-align: justify">Year-to-date inflows into cryptocurrencies reached a record $20.5 billion. This figure demonstrates the continued strong interest and commitment to the crypto <a href="https://newslinker.co/category/science/space/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">space</a> despite mixed signals from different asset classes.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-show-strong-interest-in-bitcoin-and-ethereum/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Show Strong Interest in Bitcoin and Ethereum</a></h5>
<p>The post <a href="https://en.coin-turk.com/investors-show-strong-interest-in-bitcoin-and-ethereum/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Show Strong Interest in Bitcoin and Ethereum</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Investors Show Strong Interest in Bitcoin and Ethereum

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