{"id":3972,"date":"2024-12-09T23:34:43","date_gmt":"2024-12-09T23:34:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3972"},"modified":"2024-12-09T23:34:43","modified_gmt":"2024-12-09T23:34:43","slug":"crypto-fund-flows-hit-3-85-billion-weekly-record-as-bitcoin-and-ethereum-dominate","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3972","title":{"rendered":"Crypto Fund Flows Hit $3.85 Billion Weekly Record As Bitcoin And Ethereum Dominate"},"content":{"rendered":"
\n

According to the latest report by CoinShares, crypto asset investment products have achieved a historic milestone, with weekly inflows totaling $3.85 billion, surpassing previous records set earlier this year.<\/p>\n

CoinShares highlighted a surge in investor interest, propelling total year-to-date (YTD) inflows to $41 billion and assets under management (AuM) to $165 billion\u2014a contrast to prior cycle<\/a> highs in 2021, which saw YTD inflows of $10.6 billion and an AuM peak of $83 billion.<\/p>\n

While Bitcoin continued to dominate, Ethereum posted its largest weekly inflows on record, highlighting the growing demand for major digital assets.<\/p>\n

Bitcoin And Ethereum Lead Inflows<\/h2>\n

Bitcoin remained a key driver of the record-breaking numbers, with inflows amounting to $2.5 billion last week. This pushed its YTD inflows to $36.5 billion, solidifying its status as the leading digital asset. Interestingly, short Bitcoin products<\/a> experienced subdued inflows of $6.2 million.<\/p>\n

Historically, higher inflows into short Bitcoin products have been observed following sharp price rises, indicating investor caution amidst Bitcoin\u2019s strong price momentum.<\/p>\n

\"Crypto<\/p>\n

Ethereum<\/a> emerged as another standout performer, recording its largest-ever weekly inflows of $1.2 billion. This surge surpassed the inflows seen during the ETF launches in July.<\/p>\n

The increased demand for Ethereum highlights its growing significance in the crypto asset market. However, this growth has come at the expense of Solana, which saw outflows of $14 million for the second consecutive week, signaling a potential shift in investor sentiment.<\/p>\n

\n

\"\ud83d\udcc8\"Digital asset investment products saw the largest weekly inflows on record last week totalling US$3.85bn!<\/p>\n

This brings total year-to-date (YTD) inflows to US$41bn and total assets under management (AuM) to a new high of US$165bn.#Bitcoin<\/a> saw inflows of US$2.5bn, Short bitcoin\u2026 pic.twitter.com\/bAKYga8qKK<\/a><\/p>\n

\u2014 CoinShares (@CoinSharesCo) December 9, 2024<\/a><\/p>\n<\/blockquote>\n

Meanwhile, despite the discrepancy between Bitcoin, Ethereum, and Solana fund flows, their recent performance has been quite similar. For instance, three of these crypto assets have seen a pullback in price over the past day.<\/p>\n

While BTC has decreased by 1.2% to a current trading price of $99,095, Ethereum has also decreased by 2.6% to a current trading price of $3,894<\/a>.<\/p>\n

\"Bitcoin<\/p>\n

On the other hand, Solana has plunged by 3.3% to a current trading price of $229, at the time of writing.<\/p>\n

Blockchain Equities And Regional Trends<\/h2>\n

In addition to cryptocurrencies, blockchain equities attracted significant interest, with inflows reaching $124 million\u2014the highest since January 2023.<\/p>\n

According to CoinShares\u2019 head of research, James Butterfill, this trend is attributed to increased confidence in Bitcoin miners\u2019 improving profit margins, reflecting a broader positive outlook on the blockchain sector\u2019s growth potential.<\/p>\n

Regionally, the United States dominated inflows<\/a>, followed by European and Australian markets. Particularly, the United States led with $3.6 billion in inflows, followed by Switzerland, Germany, Canada, and Australia with $160 million, $116 million, $14 million, and $10 million respectively.<\/p>\n

\"Crypto<\/p>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

According to the latest report by CoinShares, crypto asset investment products have achieved a historic milestone, with weekly inflows totaling $3.85 billion, surpassing previous records set earlier this year. CoinShares highlighted a surge in investor interest, propelling total year-to-date (YTD) inflows to $41 billion and assets under management (AuM) to $165 billion\u2014a contrast to prior […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3972","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3972"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3972\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}