2024

Bitcoin

Strong

Million

<ul class="news-points wp-block-list">
 <li><strong>Digital asset inflows hit $901 million last week, led by Bitcoin with $920 million.</strong></li>
 <li><strong>Solana saw four consecutive weeks of inflows, signaling growing investor interest.</strong></li>
 <li><strong>Ethereum and Cardano recorded outflows, reflecting cautious sentiment among investors.</strong></li>
</ul>
<p>Digital asset investment products saw a net inflow of $901 million last week, according to a CoinShares report. This inflow represents 12% of total assets under management (AUM) this month, making October the fourth-strongest month for digital asset inflows.</p>
<p><a href="https://coinedition.com/bitcoin-poised-for-rally-as-dollar-index-weakens-analyst/" rel="noopener noreferrer nofollow">Bitcoin</a> led the inflows with $920 million. Year-to-date Bitcoin inflows have reached $25.5 billion, the highest among all assets, demonstrating Bitcoin’s popularity among investors.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">NEW: Solana saw $10.8M in net inflows from digital asset investment products, marking its fourth consecutive week of inflows. <br><br>Bitcoin led with $920M in inflows, while Ethereum and Cardano were the only assets to record outflows.<br><br>Source: <a href="https://twitter.com/CoinSharesCo?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@CoinSharesCo</a> <a href="https://t.co/GYFqy5nqhZ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/GYFqy5nqhZ</a></p>— SolanaFloor (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1850831547852595262?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 28, 2024</a>
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<h2 class="wp-block-heading" id="h-ethereum-and-solana-inflows-and-outflows">Ethereum and Solana Inflows and Outflows</h2>
<p>The report shows that Ethereum had $35 million in outflows last week, with month-to-date outflows of $12.2 m…</p>
<p>The post <a href="https://coinedition.com/bitcoin-drives-901-million-crypto-inflows-october-sees-strong-growth/" rel="noopener noreferrer nofollow">Bitcoin Drives $901 Million Crypto Inflows, October Sees Strong Growth</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin Drives $901 Million Crypto Inflows, October Sees Strong Growth

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