Ethereum

Uniswap

Bitcoin

Spot

BlackRock

Crypto investment products continue to shine in the middle of a strong bullish market sentiment. New data has shown institutional investors and traders are now going full speed on crypto investment products, allowing inflows to attain a new inflow record. According to CoinShares, a digital asset investment firm, digital investment products registered a record weekly inflow of $2.7 billion last week, pushing the year-to-date inflow near a new record. 
<h2 id="crypto-institutional-investors-continue-to-aim-higher">Crypto Institutional Investors Continue To Aim Higher</h2> 
The crypto market has attracted its fair share of <a href="https://bitcoinist.com/elon-musk-voices-awe-over-bitcoin/" rel="nofollow">rich visionaries</a> and <a href="https://bitcoinist.com/microstrategy-bitcoin-bet-btc/" rel="nofollow">institutional traders</a> over the years, with most just dabbling in and out. Recent market factors, however, have opened the industry and made it palatable to big traders. As a result, trading volume from this cohort of investors has ballooned to new highs. 
In its latest <a href="https://blog.coinshares.com/volume-173-digital-asset-fund-flows-weekly-report-d3b5fd18d417" rel="nofollow">weekly report</a>, CoinShares noted that investment products based on cryptocurrencies reached a new milestone of $2.7 billion inflow last week, bringing the run to six consecutive weeks of inflows. Hence, the total inflow year-to-date is now at $10.3 billion, just $300 million shy of the $10.6 billion inflows recorded in 2021. 
To put this into perspective, we’re less than three months into 2024, and inflows are already on par with those recorded throughout the bullish cycle in 2021.&nbsp; At the same time, trading volume reached a new record of $43 billion for the week, smashing the $30 billion record <a href="https://www.newsbtc.com/crypto/crypto-trading-volumes-30-billion/">set in the previous week</a>. 
Unsurprisingly, most of this activity can be credited to Bitcoin, with the majority of inflow going into the cryptocurrency. According to CoinShares, Bitcoin remained the focus of investors to attract $2.6 billion in inflows last week, representing 96% of the total inflow. This comes despite a $1.65 billion outflow from Grayscale’s Spot Bitcoin ETF. 
Speaking of Spot Bitcoin ETFs, there’s no denying the fact that these investment vehicles have been the primary catalyst for Bitcoin’s recent growth. This has allowed Bitcoin to break over various price resistance to reach <a href="https://www.newsbtc.com/news/crypto-fever-bitcoin-smashes-records-approaching-73000-milestone/">new all-time highs</a>. Last week, the 10 ETFs in the US ended the week at a <a href="https://x.com/BitMEXResearch/status/1766359858893262958?s=20" rel="nofollow">net inflow of</a> $2.238 billion, with BlackRock and Fidelity leading the charge. Despite recent price rises, short Bitcoin products also recorded $11 million in inflows last week. 
On the other hand, Ethereum investment products witnessed an outflow of $2.1 million last week to reverse $84.7 million inflows recorded in the prior week. This is despite Ethereum <a href="https://bitcoinist.com/ethereum-eth-breaks-two-year-price-record/" rel="nofollow">crossing over the</a> $4,000 price level for the <a href="https://www.newsbtc.com/news/ethereum/ethereum-wallets-overflow-over-90-addresses-in-profit-ether-to-retest-ath/">first time in two years</a>. The reverse case is for <a href="https://www.newsbtc.com/analysis/sol-price-breaks-150/">Solana</a>, which witnessed $24 million inflows after an outflow of $11.9 million in the previous week.&nbsp; 
Polkadot, Fantom, Chainlink, and Uniswap also saw inflows of $2.7 million, $2 million, $2 million, and $1.6 million, respectively. 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/e5mTZrJy/" alt="Crypto total market cap chart from Tradingview.com" width="3286" height="1530">

Crypto Institutional Investors Are Frontrunning Retail As Inflows Reach Record Highs

目錄

NewsBTC

在 2024年3月12日發表的其他文章

Grayscale Siap Rangkul XRP: Gebrakan Baru di Dunia Kripto yang Bakal Bikin Heboh!

Revolutionizing Healthcare Management: The Transformative Impact of Healix Protocol’s Blockchain ...

Two Senior Managers of Bitcoin Exchange Binance Were Detained in This Country!

Guild Holdings Q1 Earnings: Investors Eye EPS Beat and Robust Guidance

Will Bitcoin Eats Gold in the Future Market said Saylor

Despite Higher than Expected CPI, Traders Anticipate June Rate Cut

訂閱免費電子報，每天收取加密貨幣最新動態！