Ethereum extended its streak of inflows to seven consecutive weeks, accumulating $3.7 billion during this period, with $1 billion recorded last week alone. This highlights improving investor sentiment toward the world’s second-largest cryptocurrency. The Market: Zooming Out According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report , overall, digital asset investment products saw $3.2 billion in inflows last week. This was the 10th consecutive week of positive momentum, bringing total inflows this year to a whopping $44.5 billion – over four times higher than any previous year. ETPs have seen weekly trading volumes averaging $21 billion, making up 30% of Bitcoin trading on trusted exchanges. Bitcoin’s daily trading volume across all investment types on trusted exchanges averaged $8.3 billion this year, twice that of the FTSE 100. Interestingly, Bitcoin investment products contributed $2 billion to the weekly inflows, reaching $11.5 billion since the US election. Amidst recent price surges, short Bitcoin products gained $14.6 million, although assets under management (AuM) for this category remain modest at $130 million. XRP Sees Renewed Interest After Ethereum, XRP was the biggest winner among the altcoins, seeing inflows of $145 million as hopes rose for a US-listed ETF. Another factor that could have catalyzed this trend was the imminent debut of Ripple’s newly NYDFS-approved stablecoin RLUSD. Next up was Litecoin, with $2.2 million in inflows over the past week, followed by Cardano with $1.9 million and Solana with $1.7 million. Additionally, Binance and Chainlink attracted $0.7 million in inflows each. On the other hand, multi-asset products faced yet another setback, with $31 million in outflows during the same period. Meanwhile, there was a positive trend across regions, with inflows recorded in all areas. The US topped the list with $3.14 billion in inflows. Next up were Switzerland with $35.6 million and Germany with $32.9 million over the past week. Brazil also saw strong inflows of $24.7 million, with Hong Kong, Canada, and Australia adding $9.7 million, $4.9 million, and $3.8 million, respectively. In contrast, Sweden faced outflows of $19 million. The post Ethereum’s Streak of Inflows Continues: $1 Billion in 1 Week appeared first on CryptoPotato .
Binance Delisting 5 Altcoins on July 4
