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Digital asset investment products experienced a significant surge, recording weekly inflows of $2.7 billion, which pushed the total inflows for 2024 to $10.3 billion, nearing the all-time high of $10.6 billion set in 2021. Bitcoin was the leading contributor with $2.6 billion of the inflows. The weekly trading turnover also reached a new high of $43 billion, surpassing the previous week's record of $30 billion. This influx is attributed to the rally in crypto markets, as reported by CoinShares and highlighted by @LedesmaLyllah. The BlackRock Bitcoin ETF notably contributed to the weekly and monthly inflows.
Bitcoin ETF Surge Leads Crypto Funds to Record-Breaking $2.7 Billion in Weekly Gains ► https://t.co/AVuvF3qYeP https://t.co/AVuvF3qYeP
Crypto-based investment products attracted a record $2.7 billion at the end of last week, according to a CoinShares report. $2.6 billion of that came from #bitcoin. Total inflows since the beginning of the year exceeded $10 billion. https://t.co/vGFI1QTzIa
Digital-asset investment products saw record weekly inflows totaling $2.7 billion last week as crypto markets rallied, according to data from @CoinSharesCo. @LedesmaLyllah reports https://t.co/99OQbofjJM
