Crypto Investment Products See Record $2.2 Billion Inflows—Is The Bull Run Here?

Quick Summary:

The latest weekly digital asset fund flow report from CoinShares has revealed that last week, crypto asset investment products saw roughly $2.2 billion in net inflows globally, marking the largest inflow since July.

Last week’s inflows were the largest since March, when US spot Bitcoin ETFs saw $2.6 billion as Bitcoin reached its all-time high above the $73,000 price mark.

This rise in inflows comes amid the gradual recovery of top crypto assets last week, with the majority now reclaiming major highs and registering nearly double-digit gains over the past 7 days.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United KingdomCanadaSwedenSwitzerland

Topics: Etf Solana Litecoin Bitcoin ETF Bitcoin Coinshares Crypto Crypto market Bitcoin market Cryptocurrency Market News Sol BTCUSDT Xrp Btc Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 01:30:14 (6 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 410 words

Reading Time: 3 minutes read

Sentences: 77 lines

Sentence Length: 6 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 23186934

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

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