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From Bitcoin to Altcoins: Crypto Inflows Hit Record $3.1 Billion, Led by Spot ETFs

NewsBTC LogoNewsBTC11h ago

From Bitcoin to Altcoins: Crypto Inflows Hit Record $3.1 Billion, Led by Spot ETFs - NewsBTC

Quick Summary:

Related Reading: Bitcoin’s MVRV Metric Signals Market Heating Up—Here’s What Investors Should Know Bitcoin Takes The Lead, Altcoins Show Growth The recent inflows mark the seventh consecutive week of positive movements for global crypto investment products managed by leading firms such as BlackRock, Fidelity, Grayscale, and ProShares.

The crypto market witnessed a significant milestone last week as investment products recorded roughly $3.13 billion in net inflows globally, primarily driven by US spot Bitcoin exchange-traded funds (ETFs), according to data from CoinShares.

Global Crypto Inflows And Regional Trends US-based funds’ dominance was evident in regional fund flows, accounting for $3.2 billion in net weekly inflows.

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From Bitcoin to Altcoins: Crypto Inflows Hit Record $3.1 Billion, Led by Spot ETFs - NewsBTC (Picture 1)From Bitcoin to Altcoins: Crypto Inflows Hit Record $3.1 Billion, Led by Spot ETFs - NewsBTC (Picture 2)

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 00:30:20 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 427 words

Reading Time: 3 minutes read

Sentences: 79 lines

Sentence Length: 6 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 23863424

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 6 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 14 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://beamstart.com/news/from-bitcoin-to-altcoins-crypto-17325811005166

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