Cardano

United

Rise

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-pour-money-into-crypto-assets" data-wpel-link="internal">Investors Pour Money into Crypto Assets</a><br></p>
<p style="text-align: justify">Crypto asset investment products experienced a notable $932 million inflow during the second week. Despite this surge, the overall trading volume for the week remained relatively low at $10.5 billion compared to $40 billion back in March. A key trigger for these inflows was the lower-than-expected CPI report released on Wednesday, which accounted for 89% of the total inflows during the last three trading days of the week. This development underscores that Bitcoin prices are again becoming sensitive to <a href="https://finance.coin-turk.com/" rel="nofollow noopener external noreferrer" target="_blank" data-wpel-link="external">interest rate</a> expectations.</p> 
<h2 id="where-are-the-regional-funds-going">Where Are the Regional Funds Going?</h2> 
<p style="text-align: justify">In a regional breakdown, the United States led with $1.002 million in inflows last week. Grayscale, which has faced $16.6 billion in outflows since the ETF launch in January, saw a small but significant inflow of $18 million for the first time. Meanwhile, Switzerland and Germany recorded smaller inflows of $27 million and $4.2 million, respectively. Conversely, Hong Kong and Canada experienced outflows amounting to $83 million and $17 million, respectively.</p> 
<h2 id="institutional-interest-in-bitcoin-and-altcoins-on-the-rise">Institutional Interest in Bitcoin and Altcoins on the Rise</h2> 
<p style="text-align: justify">Bitcoin received a substantial $942 million inflow, while short-focused Bitcoin saw negligible inflows, suggesting a positive investor sentiment. Other altcoins such as <a href="https://en.bitcoinhaber.net/solanas-rise-sparks-debate-over-network-fee-increases" data-wpel-link="internal">Solana</a>, Chainlink, and Cardano also attracted inflows of $4.9 million, $3.7 million, and $1.9 million, respectively. This indicates a diversified interest among institutional investors.</p> 
<h2 id="noteworthy-observations">Noteworthy Observations</h2> 
<p style="text-align: justify"> – The US leads in crypto inflows with $1.002 million.<br> – Bitcoin’s significant inflow reflects a positive market sentiment.<br> – Swiss and German markets show modest inflows, while Hong Kong and Canada face outflows.<br> – Ethereum continues to see outflows due to ETF approval uncertainties. </p> 
<h2 id="conclusion">Conclusion</h2> 
<p style="text-align: justify">Ethereum, in contrast, continued to experience outflows totaling $23 million this week, attributed to uncertainties surrounding the approval of a spot-based ETF by the SEC. Blockchain stocks also faced outflows, with only six weeks of inflows out of 20 this year, amounting to $512 million in year-to-date outflows. This trend highlights the nuanced investor behavior and varying regional impacts on the crypto market.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-pour-money-into-crypto-assets" data-wpel-link="internal">Investors Pour Money into Crypto Assets</a></h5>

Investors Pour Money into Crypto Assets

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