Strong Flows into Cryptocurrency Investment Products Last Week
Publication Time:2024-07-22 18:52:10
According to the latest data from CoinShares, digital asset investment products attracted a staggering $1.35 billion in funds last week, reflecting the market's sustained interest in cryptocurrencies. This brings the total inflows over the past three weeks to a cumulative $3.2 billion. Notably, Bitcoin investment products saw the largest influx of funds at $1.27 billion, indicating a preference for the leading cryptocurrency among investors. In contrast, net outflows from Bitcoin ETPs (Exchange-Traded Products) amounted to $1.9 million, highlighting the market's diversification dynamics. Ethereum investment products also made a significant impact, recording $45 million in inflows last week, further confirming Ethereum's status as the second-largest cryptocurrency.
Bitcoin
Inflows
Ethereum
Cryptocurrency
Investment products