Bitcoin Dominates, Ethereum Rebounds: Here's How Much Crypto Funds Raked In Last Week
Portfolio Pulse from Murtuza Merchant
The Coinshares report reveals sustained inflows into Bitcoin and Ethereum investment products, with Bitcoin attracting $1.27 billion and Ethereum $45 million last week. Despite positive sentiment in digital assets, blockchain equities faced outflows of $8.5 million.
July 22, 2024 | 11:40 am
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POSITIVE IMPACT
Bitcoin investment products saw significant inflows of $1.27 billion last week, indicating strong investor confidence.
The substantial inflows into Bitcoin investment products highlight strong investor confidence, likely driving short-term price increases.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Ethereum investment products saw inflows of $45 million last week, showing signs of resurgence and overtaking Solana in year-to-date inflows.
The inflows into Ethereum investment products indicate a resurgence in investor interest, likely leading to short-term price appreciation.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Litecoin investment products attracted $2.2 million in inflows last week, indicating positive investor sentiment.
The inflows into Litecoin investment products suggest positive investor sentiment, likely leading to short-term price increases.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Solana investment products saw $9.6 million in inflows last week but now trail Ethereum in year-to-date inflows.
While Solana continues to attract investor interest, it now trails Ethereum in year-to-date inflows, which may moderate its short-term price impact.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80