Cardano

Bitcoin

Chainlink

Billion

<p>Ethereum extended its streak of inflows to seven consecutive weeks, accumulating $3.7 billion during this period, with $1 billion recorded last week alone.</p>
<p>This highlights improving investor sentiment toward the world’s second-largest cryptocurrency.</p>
<h2 id="the-market-zooming-out">The Market: Zooming Out</h2>
<p>According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly <a href="https://blog.coinshares.com/volume-213-digital-asset-fund-flows-weekly-report-e1fcefd02a53" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Report</a>, overall, digital asset investment products saw $3.2 billion in inflows last week. This was the 10th consecutive week of positive momentum, bringing total inflows this year to a whopping $44.5 billion – over four times higher than any previous year.</p>
<p>ETPs have seen weekly trading volumes averaging $21 billion, making up 30% of Bitcoin trading on trusted exchanges. Bitcoin’s daily trading volume across all investment types on trusted exchanges averaged $8.3 billion this year, twice that of the FTSE 100.</p>
<p>Interestingly, Bitcoin investment products contributed $2 billion to the weekly inflows, reaching $11.5 billion since the US election. Amidst recent price surges, short Bitcoin products gained $14.6 million, although assets under management (AuM) for this category remain modest at $130 million.</p>
<h2 id="xrp-sees-renewed-interest">XRP Sees Renewed Interest</h2>
<p>After Ethereum, XRP was the biggest winner among the altcoins, seeing inflows of $145 million as hopes rose for a US-listed ETF. Another factor that could have catalyzed this trend was the imminent <a href="https://cryptopotato.com/ripple-xrp-breaks-into-top-3-cryptos-after-overtaking-tether-usdt-and-solana-sol/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">debut</a> of Ripple’s newly NYDFS-approved stablecoin RLUSD.</p>
<p>Next up was Litecoin, with $2.2 million in inflows over the past week, followed by Cardano with $1.9 million and Solana with $1.7 million. Additionally, Binance and Chainlink attracted $0.7 million in inflows each. On the other hand, multi-asset products faced yet another setback, with $31 million in outflows during the same period.</p>
<p>Meanwhile, there was a positive trend across regions, with inflows recorded in all areas. The US topped the list with $3.14 billion in inflows. Next up were Switzerland with $35.6 million and Germany with $32.9 million over the past week. Brazil also saw strong inflows of $24.7 million, with Hong Kong, Canada, and Australia adding $9.7 million, $4.9 million, and $3.8 million, respectively. In contrast, Sweden faced outflows of $19 million.</p>
<p>The post <a href="https://cryptopotato.com/ethereums-streak-of-inflows-continues-1-billion-in-1-week/" rel="noopener noreferrer nofollow">Ethereum’s Streak of Inflows Continues: $1 Billion in 1 Week</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ethereum’s Streak of Inflows Continues: $1 Billion in 1 Week

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