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Digital asset investment products received significant inflows of $932 million last week, driven by market expectations of interest rate cuts. Bitcoin led with inflows of $942 million, while Ethereum faced outflows of $23 million. Altcoins like SOL, LINK, and ADA also saw gains.
Half a billion $ flowed into Bitcoin via ETFs this past week bringing total to $12b. Mostly led by: - Blackrock $66.8m - Fidelity $67.9m - 21Shares $63.7m If ETH ETF is approved, what do you think first week inflows would hit? https://t.co/iFKTu1D6IM
BREAKINGโผ๏ธ - On Tuesday, #Bitcoin ETFs experienced NET INFLOWS totaling $305.7 million! BlackRock: $290.0 million Fidelity: $25.8 million Bitwise: -$4.2 million VanEck: -$5.9 million https://t.co/tUhmxlo02Q
Bitcoin ETF Flow (US$ million) - 2024-05-21 TOTAL NET FLOW: 305.7 (Provisional data) IBIT: 290 FBTC: 25.8 BITB: -4.2 ARKB: 0 BTCO: 0 EZBC: 0 BRRR: 0 HODL: -5.9 BTCW: 0 GBTC: 0 DEFI: 0 For all the data & disclaimers visit: https://t.co/4ISlrCgZdk