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Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-based-investment-products-attract-significant-inflows-in-early-june/" data-wpel-link="internal">Crypto-Based Investment Products Attract Significant Inflows in Early June</a><br></p>
<p style="text-align: justify"><strong>Crypto</strong>-based investment products saw a significant inflow of $2 billion in the first week of June. This inflow contributed to a five-week total inflow reaching $4.3 billion. This week also saw a significant increase in the trading volumes of exchange-traded products (ETPs), with the figure reaching $12.8 billion, a 55% increase from the previous week.</p> 
<h2 style="text-align: justify" id="bitcoin-becomes-the-king-of-inflows">Bitcoin Becomes the King of Inflows</h2> 
<p style="text-align: justify">Bitcoin was the main focus of these inflows with $1.97 billion. This overshadowed other cryptocurrencies, showing continued strong interest and investment in Bitcoin. Ethereum also had a notable week, achieving its highest inflow since March with $69 million, likely linked to the unexpected decision by the U.S. Securities and Exchange Commission (SEC) to allow spot <strong>Ethereum</strong> ETFs.</p> 
<p style="text-align: justify">The recent inflows marked a deviation from the outflow trend observed among established market players and were broadly distributed among different providers. This shift in sentiment could be attributed to weaker-than-expected macroeconomic <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> in the United States. This situation has recently led to increased expectations of <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rate</a> cuts in monetary policy. The positive market sentiment resulted in total assets under management (AuM) surpassing the $100 billion mark for the first time since March.</p> 
<h2 style="text-align: justify" id="regional-situation-and-altcoins">Regional Situation and Altcoins</h2> 
<p style="text-align: justify">Regionally, the United States dominated the market with $1.98 billion in inflows just last week. Notably, the first day of the week recorded the third-largest daily inflow on record. The iShares <strong>Bitcoin</strong> ETF emerged as a significant player, surpassing Grayscale with $21 billion in total assets under management.</p> 
<p style="text-align: justify">While Bitcoin continued to attract most investments, short-based Bitcoin products saw outflows of $5.3 million for the third consecutive week. This indicated increased confidence among investors in Bitcoin’s potential for growth.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-360823 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/kurumsal.png" alt="" width="845" height="561"></p> 
<p style="text-align: justify">In addition to Bitcoin and Ethereum, altcoins like Fantom and <a href="https://en.coin-turk.com/xrp-the-new-oil-with-revolutionary-potential-in-the-financial-world/" data-wpel-link="internal">XRP</a> also saw some activity with inflows of $1.4 million and $1.2 million, respectively. Although these figures are modest compared to Bitcoin and Ethereum, they indicate a diverse interest in various <strong>cryptocurrencies</strong>.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/crypto-based-investment-products-attract-significant-inflows-in-early-june/" data-wpel-link="internal">Crypto-Based Investment Products Attract Significant Inflows in Early June</a></h5>

Crypto-Based Investment Products Attract Significant Inflows in Early June

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