Cryptocurrency

Cardano

Bitcoin

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/institutional-investors-drive-significant-cryptocurrency-inflows/" data-wpel-link="internal">Institutional Investors Drive Significant Cryptocurrency Inflows</a> 
The <a href="https://en.coin-turk.com/set-the-alarms-5-critical-developments-today-can-make-you-profit-in-crypto/" data-wpel-link="internal">cryptocurrency market</a> has seen Bitcoin prices fall back to around $98,400, coinciding with the release of an anticipated investment report. This report tracks the activities of institutional investors in the cryptocurrency market, revealing which altcoins are attracting investments through ETFs and ETPs. Every Monday, we share this vital report with our readers. 
<h2 style="text-align: justify" id="institutional-investor-report">Institutional Investor Report</h2> 
Recent weeks have witnessed record inflows, peaking at $3.85 billion for the largest weekly entry. These inflows reflect a growing interest in cryptocurrencies, indicating that institutional demand may not yet be satiated. Since the beginning of 2024, total inflows have reached enormous levels. 
Yearly inflows have surpassed $41 billion, with the total assets of cryptocurrency investment products climbing to a new record of $165 billion. In contrast, the previous cycle’s peak in 2021 recorded annual inflows of $10.6 billion and total reserves of $83 billion. While total assets have doubled, inflows this cycle are nearly four times higher. 
Given that we have not yet reached the peak of this cycle and the year is not yet closed, this situation is indeed exciting. 
<h2 style="text-align: justify" id="bitcoin-and-altcoin-inflows">Bitcoin and Altcoin Inflows</h2> 
Which cryptocurrencies have attracted the most interest alongside total inflows? Bitcoin (BTC) leads the pack, with details shown in the table below. U.S. investors accounted for nearly all inflows, contributing $3.6 billion, while Switzerland, Germany, Canada, and Australia had inflows of $160 million, $116 million, $14 million, and $10 million, respectively. 
Ethereum experienced its best week since the ETF launch in July, attracting $1.2 billion in weekly inflows, with the <a href="https://en.coin-turk.com/optimism-network-experiences-significant-tvl-drop/" data-wpel-link="internal">altcoin</a> reaching $4,000 last week. Solana (SOL) faced its second consecutive exit week with $14 million in sales, as spot prices dropped to $227. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-413181 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/12/kripto-paralar-kurumsal-talep-.png" alt="" width="1136" height="847"> 
Although blockchain equities saw their largest inflow of $124 million since January, BTC short-sale products experienced $6.2 million in inflows. XRP Coin recorded an inflow of $134 million, followed by Cardano (<a href="https://en.coin-turk.com/cardanos-price-surges-past-one-dollar-igniting-market-interest/" data-wpel-link="internal">ADA</a>). LTC and BNB Coin attracted $2.1 million and $3.3 million in inflows, respectively. 
The post <a href="https://en.coin-turk.com/institutional-investors-drive-significant-cryptocurrency-inflows/" data-wpel-link="internal">Institutional Investors Drive Significant Cryptocurrency Inflows</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Institutional Investors Drive Significant Cryptocurrency Inflows

Table of Contents

COINTURK NEWS

Other articles published on Dec 9, 2024

Missed Out on the XRP Rally? These Two Projects Could be Next

Tech Giant Microsoft Eyes Bitcoin Investment: Key Vote Looms

El Salvador Bitcoin Policy Faces Shift for $1.3B IMF Deal

BlackRock’s IBIT Buys $2.6 Billion in Bitcoin Last Week: A Landmark Move for Institutional Adoption

Gensler’s SEC actions fueled crypto PAC Fairshake, Ripple CEO says

Anita AI: The First AI-Driven Influencer Launches Her Own Token, $ANITA

Join our free newsletter for daily crypto updates!