Crypto Investment Flow: Bitcoin Rebounds With $436 Million Inflows As Ethereum Stumbles

Quick Summary:

According to the latest report from Coinshares, global crypto investment products saw a significant rebound with $436 million in net inflows last week alone, driven largely by Bitcoin’s resurgence.

CoinShares noted that this marks a return to positive flows after two consecutive weeks of net outflows.

Despite this recovery, trading volume across crypto investment products remained flat at $8 billion for the week, significantly lower than the 2024 average of $14.2 billion.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: HungaryCanadaGermanySwitzerlandUnited States

Topics: Btc Crypto Market Bitcoin USDT Ethereum Crypto Ethereum Market Bitcoin market Crypto News BTCUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 03:00:22 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 392 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22556866

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 46 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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