Digital asset investments have surged recently, with a record $346 million inflow mainly into Bitcoin and Ethereum.
Ethereum has seen a reversal from outflows to inflows, while Bitcoin’s activities in exchange-traded products have significantly increased.
Recent weeks have witnessed an unprecedented surge in crypto fund inflows, driven by growing anticipation surrounding the approval of a Bitcoin Exchange-Traded Fund (ETF) by the United States Securities and Exchange Commission (SEC).
This is according to recent reports from Coinshares, which indicate a significant influx of capital into digital assets investment, primarily led by major players Bitcoin and Ethereum.
New record of inflows with US$346m this week, the highest total observed in the past 9 weeks of inflows.
– #Bitcoin – $BTC: US$312m inflows (year-to-date inflows US$1.5bn) Short Bitcoin: US$0.9m outflows
ETP volumes as a percentage of total spot Bitcoin volumes… pic.twitter.com/gMUPzTy0q4
— CoinShares (@CoinShar
Ripple Labs-backed XRP on Cusp of Major Bullish Breakout Fueled by Rising Whale Activity
[[{„value”:” Coinspeaker Ripple Labs-backed XRP on Cusp of Major Bullish Breakout Fueled by Rising Whale Activity Amid the…