{"id":489,"date":"2024-10-01T01:01:35","date_gmt":"2024-10-01T01:01:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=489"},"modified":"2024-10-01T01:01:35","modified_gmt":"2024-10-01T01:01:35","slug":"crypto-inflows-hit-new-heights-as-ethereum-funds-break-losing-streak-bull-run-here","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=489","title":{"rendered":"Crypto Inflows Hit New Heights As Ethereum Funds Break Losing Streak\u2014Bull Run Here?"},"content":{"rendered":"
\n

Global crypto investment products have surged, recording $1.2 billion in net inflows over the past week. This marks the third consecutive week of positive inflows and a notable shift in market sentiment, as highlighted by the latest report<\/a> from CoinShares, a leading digital asset investment firm.<\/p>\n

Coinshares revealed that the upward trend in inflows reflects \u201cinvestor confidence\u201d in digital assets<\/a> amidst expectations of \u201cdovish monetary policy\u201d in the US. In addition, it is also seen as a reaction to improving \u201cprice momentum.\u201d<\/p>\n

According to CoinShares\u2019 Head of Research, James Butterfill, this week\u2019s positive performance is the largest in the last ten weeks, with total assets under management rising by 6.2%. The inflow largely stemmed from increased interest in Bitcoin-focused investment products.<\/p>\n

Additionally, after weeks of declining performance, Ethereum-based investment funds recorded a resurgence, attracting net weekly inflows and marking a turnaround in investor sentiment toward the asset.<\/p>\n

Bitcoin Dominates Inflows as Spot ETF Approval Boosts Market<\/h2>\n

The primary driver behind last week\u2019s inflows was Bitcoin, which accounted for $1.1 billion of global net inflows.<\/p>\n

According to Butterfill, the approval for the listing and trading options for BlackRock\u2019s spot Bitcoin exchange-traded fund (ETF)<\/a> by the US Securities and Exchange Commission (SEC) contributed significantly to market optimism.<\/p>\n

The Head of Research at CoinShares disclosed that this regulatory development set a positive tone for investors, even though trading volumes saw a minor decline, decreasing by 3.1% compared to the previous week.<\/p>\n

Meanwhile. investment funds based in the US were the major contributors to the inflows<\/a>, with spot Bitcoin ETFs making up the majority. The US-based funds generated a net inflow of $1.2 billion, a substantial portion of which \u2014 $1.1 billion \u2014 came from Bitcoin-focused products.<\/p>\n

Additionally, Switzerland-based crypto funds drew in net inflows of $84 million. However, this positive trend was not uniform across all regions, as funds in Germany and Brazil experienced net outflows of $21 million and $3 million, respectively.<\/p>\n

\"Crypto<\/p>\n

The week also saw a contrasting movement in short Bitcoin investment products, which recorded net inflows of $8.8 million amid the price increase for Bitcoin.<\/p>\n

Ethereum Sees Rebound, Solana Ends Positive Streak<\/h2>\n

One of the noteworthy developments was the reversal of a five-week negative trend<\/a> in Ethereum-based investment products. These funds attracted net inflows of $87 million globally, with US-based spot Ethereum ETFs contributing $85 million.<\/p>\n

This marks the largest net weekly inflow for Ethereum funds since August and suggests renewed confidence in the asset\u2019s medium-term prospects.<\/p>\n

\"Crypto<\/p>\n

In contrast, Solana-based investment products<\/a> ended their five-week streak of net inflows. During the last week, $4.8 million was withdrawn from Solana funds globally.<\/p>\n

While Solana has seen a period of growth and positive sentiment, the reversal indicates that investors may be looking to shift their focus to more established assets like Bitcoin and Ethereum in the short term.<\/p>\n

\"Crypto<\/p>\n

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

Global crypto investment products have surged, recording $1.2 billion in net inflows over the past week. This marks the third consecutive week of positive inflows and a notable shift in market sentiment, as highlighted by the latest report from CoinShares, a leading digital asset investment firm. Coinshares revealed that the upward trend in inflows reflects […]<\/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-489","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\/489","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=489"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/489\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}