{"id":246597,"date":"2024-07-23T04:10:04","date_gmt":"2024-07-23T04:10:04","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/07\/23\/digital-asset-fund-inflows-reach-1-35-billion-amid-positive-market-sentiment\/"},"modified":"2025-06-25T17:14:11","modified_gmt":"2025-06-25T17:14:11","slug":"digital-asset-fund-inflows-reach-1-35-billion-amid-positive-market-sentiment","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/07\/23\/digital-asset-fund-inflows-reach-1-35-billion-amid-positive-market-sentiment\/","title":{"rendered":"Digital Asset Fund Inflows Reach $1.35 Billion Amid Positive Market Sentiment"},"content":{"rendered":"

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\n Caroline Bishop<\/a>
\n Jul 22, 2024 09:47<\/span> \n <\/p>\n

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Digital asset investment products saw inflows of $1.35 billion last week, with Bitcoin leading the charge, according to CoinShares.<\/p>\n


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Digital asset investment products experienced significant inflows amounting to $1.35 billion last week, indicating sustained positive market sentiment, according to CoinShares<\/a>. This brings the three-week total of inflows to an impressive $3.2 billion.<\/p>\n

Bitcoin Leads Inflows<\/h2>\n

Bitcoin (BTC) dominated the inflows, attracting $1.27 billion. In contrast, short-Bitcoin exchange-traded products (ETPs) saw outflows of $1.9 million, contributing to a cumulative outflow of $44 million since March. This trend underscores robust optimism surrounding Bitcoin, especially following the April halving event.<\/p>\n

Ethereum and Altcoins Performance<\/h2>\n

Ethereum (ETH) also demonstrated a positive trajectory with $45 million in inflows last week. This positions Ethereum as the altcoin with the highest year-to-date (YTD) inflows at $103 million, surpassing Solana (SOL), which recorded $9.6 million in inflows last week and $71 million YTD. Litecoin (LTC) was the only other altcoin to see notable inflows, amounting to $2.2 million.<\/p>\n

Regional Inflows and Outflows<\/h2>\n

Regionally, the United States and Switzerland led with substantial inflows of $1.3 billion and $66 million, respectively. However, Brazil and Hong Kong experienced minor outflows totaling $5.2 million and $1.9 million, respectively.<\/p>\n

ETP Trading Volumes<\/h2>\n

ETP trading volumes surged by 45% week-on-week to $12.9 billion, though they represented a lower-than-usual 22% of the broader crypto market volumes.<\/p>\n

Blockchain Equities Struggle<\/h2>\n

While digital asset tokens enjoyed positive inflows, blockchain equities faced a challenging week with outflows of $8.5 million. This is despite most blockchain equity ETFs outperforming global equity indices.<\/p>\n

To access the full research, click here<\/a>.<\/p>\n

Image source: Shutterstock<\/i><\/span><\/p>\n

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