{"id":32184,"date":"2024-06-10T12:09:37","date_gmt":"2024-06-10T12:09:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-investment-products-inflows-hit-2-billion-last-week-btc-dominates\/"},"modified":"2024-06-10T12:09:37","modified_gmt":"2024-06-10T12:09:37","slug":"crypto-investment-products-inflows-hit-2-billion-last-week-btc-dominates","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-investment-products-inflows-hit-2-billion-last-week-btc-dominates\/","title":{"rendered":"Crypto investment products inflows hit $2 billion last week, BTC dominates"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/bitcoin-coin-symbol-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/bitcoin-coin-symbol-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/bitcoin-coin-symbol-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/02\/bitcoin-coin-symbol-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Crypto investment products saw inflows of $2 billion last week<\/span><\/li>\n<li><span style=\"font-weight: 400\">According to CoinShares, the inflows reached a 5-week streak, with Bitcoin seeing most of the interest.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The total assets under management (AuM) in crypto ETPs crossed $100 billion for the first time since March. <\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Asset manager CoinShares has shared the latest insight into digital asset investment products flows.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In its weekly <a href=\"https:\/\/blog.coinshares.com\/volume-186-digital-asset-fund-flows-weekly-report-dc1d43e0e207\" target=\"_blank\" rel=\"noopener\">report<\/a> published on Monday, the company says crypto exchange-traded products (ETPs) recorded inflows of $2 billion, hitting a 5-week run as <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin\u2019s price<\/a> hovered near the key level of $70,000.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Crypto investment products see $2 billion in inflows<\/span><\/h2>\n<p><span style=\"font-weight: 400\">In the report, CoinShares head of research James Butterfill noted that inflows into digital assets investment products reached $2 billion, with most of this in Bitcoin (BTC).<\/span><\/p>\n<p><span style=\"font-weight: 400\">With this flows, the crypto sector has extended the winning streak in terms of institutional inflows to 5 weeks. In total, the industry has recorded inflows to $4.3 billion in this period.<\/span><\/p>\n<p><span style=\"font-weight: 400\">BTC dominates the weekly outlook with inflows of $1.97 billion, while <a href=\"https:\/\/coinjournal.net\/news\/tag\/ethereum\/\">Ethereum (ETH)<\/a> notched $70 million. Data shows this was Ether\u2019s best week since March.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cUnusually, inflows were seen across almost all providers, with a continued slowdown in outflows from incumbents. We believe this turn around in sentiment is a direct response to weaker than expected macro data in the US, bringing forward monetary policy rate cut expectations,\u201d Butterfill noted.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As BTC price rose to near $72k on June 5, crypto ETPs saw the total assets under management (AuM) spike to over $100 billion, the first time it reached the milestone since March. Meanwhile, trading volumes across exchange-traded products hit to $12.8 billion this past week.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">SEC\u2019s approval of Ether ETFs key event<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Key market events and news this past few weeks have included the approval of spot Ethereum ETFs by the US Securities and Exchange Commission (SEC). The regulator has recently given a nod to filings from multiple ETF issuers, including BlackRock, Fidelity, Grayscale and Bitwise.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Market anticipation around the debut of ETH ETFs has the altcoin market abuzz, with speculation shifting to what it all might mean for XRP, Solana and even Cardano.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/crypto-investment-products-inflows-hit-2-billion-last-week-btc-dominates\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Crypto investment products saw inflows of $2 billion last week According to CoinShares, the inflows reached a 5-week streak, with Bitcoin seeing most of the interest. The total assets under management (AuM) in crypto ETPs crossed $100 billion for the first [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":32185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32184"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=32184"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32184\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/32185"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=32184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=32184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=32184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}