
In a significant shift within the cryptocurrency market, digital assets attracted $270 million in inflows last week, bringing the total for 2024 to a record $37.3 billion. Bitcoin experienced substantial outflows of $457 million as investors took profits amid its approach to the $100,000 mark. In contrast, Ethereum emerged as a strong performer, securing inflows of $634 million, which raises its year-to-date total to $2.2 billion. This trend highlights a notable change in investor sentiment, with Ethereum now capturing attention as Bitcoin's dominance wanes. Additionally, Ethereum's recent activity included $42 million worth of ETH being removed from circulation due to burning, and it recorded the largest one-day ETF flow of $335 million, indicating a robust interest in Ethereum-based investment products.
Efferiumm casually raking in $11.6m of fees yesterday + 1 week streak of ETF positive flows + biggest 1 day ETF flow (+335m) - $42m of $ETH removed from circulation (burn) starts aligned, houston.. https://t.co/CYFPNOvFbD
Ethereum’s now the star of the crypto show, enjoying $333M in inflows, dancing around Bitcoin as Gensler exits stage left.
Digital assets pulled in $270M last week, pushing 2024’s total to a record $37.3B. 💰 While $BTC saw $457M in outflows (profit-taking after $100K?), $ETH stole the spotlight with $634M in inflows. YTD, ETH inflows hit $2.2B—a clear sentiment shift. 🚀 https://t.co/xqaDeQ3zT6


