Ethereum

Solana

Litecoin

Bitcoin

Momentum

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/crypto-products-attract-major-investments" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto Products Attract Major Investments</a><br></p>
<p style="text-align: justify">Crypto-based investment products experienced a substantial inflow of $1.35 billion last week, bringing the three-week total to $3.2 billion. Bitcoin led the surge with $1.27 billion in new <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investments</a>. Ethereum also showed strong performance, receiving an additional $45 million, surpassing <a href="https://en.bitcoinhaber.net/solana-overcomes-network-interruption-and-breaks-financial-records" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> as the altcoin with the highest inflow this year.</p>
<h2 id="institutional-trading-trends">Institutional Trading Trends</h2>
<p style="text-align: justify">ETP trading volumes saw a notable uptick, climbing 45% from the previous week to $12.9 billion. However, this figure was still 22% lower than the usual broader crypto market volumes. Regionally, the US and Switzerland were major contributors, with inflows of $1.3 billion and $66 million, respectively. Conversely, Brazil and Hong Kong saw modest outflows of $5.2 million and $1.9 million.</p>
<h2 id="bitcoin-and-altcoin-momentum">Bitcoin and Altcoin Momentum</h2>
<p style="text-align: justify">Bitcoin continued to dominate with $1.27 billion in inflows last week. In contrast, short-focused Bitcoin ETPs experienced an outflow of $1.9 million, contributing to a cumulative outflow of $44 million since March. This trend underscores the ongoing positive sentiment since Bitcoin’s halving event in April.</p>
<p style="text-align: justify">Solana garnered $9.6 million in inflows last week but remains behind Ethereum, which has accumulated $71 million in inflows this year. Litecoin also performed well, attracting $2.2 million in inflows, making it the only other altcoin to surpass the $1 million mark last week.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">Investors can draw several valuable insights from these trends:</p>
<ul>
 <li>Bitcoin continues to be a leading investment choice.</li>
 <li>Ethereum remains a strong contender among altcoins.</li>
 <li>Short-focused Bitcoin ETPs are seeing declining interest.</li>
 <li>Geographical variations are significant, with the US and Switzerland leading in inflows.</li>
 <li>Blockchain-based stocks are struggling compared to crypto tokens.</li>
</ul>
<p style="text-align: justify">In summary, the crypto market is seeing substantial investment inflows, particularly in Bitcoin and Ethereum, signaling strong investor confidence. However, regional and product-specific variations indicate the need for a targeted investment approach.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/crypto-products-attract-major-investments" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto Products Attract Major Investments</a></h5>

Crypto Products Attract Major Investments

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Alte articole publicate pe 22 iul. 2024

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