As known from:
known from Coinwireknown from Benchknown from Coinindex
  • About CryptoGmblr.com
Contains commercial content
Cryptogambling / Record-breaking inflow of $2.45 billion into Bitcoin and Ethereum funds

Record-breaking inflow of $2.45 billion into Bitcoin and Ethereum funds

Publish Date: 20/02/2024
Record-Breaking Inflow of $2.45 Billion into Bitcoin and Ethereum Funds 🚀, Concept art for illustrative purpose - Monok

Record-Breaking Inflow of $2.45 Billion into Bitcoin and Ethereum Funds 🚀, Concept art for illustrative purpose – Monok

Last week marked an extraordinary milestone for the cryptocurrency market. Bitcoin and Ethereum, the biggest crypto funds, collectively experienced a record-breaking inflow of $2.45 billion. The investment surge can be attributed to several factors, including a resurgence in investor sentiment and growing institutional interest in major digital assets.

The latest Digital Asset Fund Flows Weekly Report by CoinShares says Bitcoin and Ethereum funds have seen unprecedented levels of capital influx since the beginning of 2023.

A New Era for Crypto Investing?

The massive inflows suggest a potential shift in the market as digital assets gain increasing legitimacy among both retail and institutional investors.

Among these investments, Bitcoin dominated the scene, with over 99% of the inflows pouring into the leading cryptocurrency, as CoinShares reports.

Bitcoin and Ethereum and Other Alt Coins

The cryptocurrency market witnessed a historic week as Bitcoin and Ethereum, the biggest crypto funds, collectively attracted a record-breaking inflow of $2.45 billion. These substantial inflows have not only boosted investor confidence but also pushed the total assets under management (AUM) to $67 billion, the highest level since December 2021.

Bitcoin reinforced its dominance as the preferred digital asset for investment, accounting for over 99% of the inflows, as CoinShares reports. The record-breaking investments also coincided with recent price surges, further boosting optimism and speculation about future price movements. Ethereum, on the other hand, also saw substantial gains, with $21 million in inflows reported for the week.

The massive inflows into Bitcoin and Ethereum suggest a potential shift in the market as digital assets gain increasing legitimacy and acceptance among the global financial community.

Bitcoin and Ethereum were not the only cryptocurrencies to experience inflows last week. Avalanche, Chainlink, and Polygon saw inflows worth around $1 million, $0.9 million, and $0.9 million, respectively.

However, Solana faced an unexpected setback, with withdrawals totaling $1.6 million due to network disruptions.

The U.S. Drive Crypto & Paves Path for Others

The cryptocurrency market experienced a remarkable week as the United States led the way for inflows, accounting for 99% of the total or $2.4 billion. This trend underscores the rising significance of the U.S. market and the growing interest from institutions in digital assets, particularly Bitcoin and Ethereum.

Other regions also saw inflows, albeit at a much smaller scale, with Switzerland and Germany receiving approximately $16.7 million and $13.3 million respectively. Sweden, on the other hand, recorded a withdrawal of $26.3 million.

The record-breaking inflows reflect a growing trend among institutions to allocate capital to digital assets as they seek to diversify their portfolios and hedge against inflation and currency devaluation. This trend is expected to continue as more institutional investors enter the market, further driving up demand and potentially fueling price rallies.

Bitcoin, Ethereum, and the Future of Crypto Investing

With growing institutional interest and record-breaking inflows, both Bitcoin and Ethereum are poised for an exciting future.

Many experts predict that these digital assets will reach new all-time highs in the coming months, making it an intriguing time for investors to stay informed and engaged.

In conclusion, the record-breaking inflows into Bitcoin and Ethereum funds represent a significant milestone for the cryptocurrency market, highlighting the growing legitimacy of digital assets among both retail and institutional investors.

With new U.S. spot Bitcoin ETFs gaining traction and increasing interest in decentralized applications and smart contracts powered by the Ethereum network, the future looks bright for crypto investing.

As always, it is essential to stay informed about market trends, regulatory developments, and technological innovations to maximize investment opportunities and minimize risks.

Top Online Casinos
Top Casinos Bonuses
Stake.us
Stake.us
Stake.us Review
4.6/5
McLuck
McLuck
McLuck Review
4.6/5
High5Casino
High5Casino
High5Casino Review
4.5/5
Sweeptastic
Sweeptastic
Sweeptastic Review
4.5/5
Wow Vegas
Wow Vegas
Wow Vegas Review
4.5/5
Stake.us
Stake.us Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
T&Cs apply
4.6/5
McLuck
McLuck Bonus
Up to 57.500 Gold Coins + 27.5 Free Sweepstakes Coins
T&Cs apply
4.6/5
High5Casino
High5Casino Bonus
5 Sweeps Coins + 250 Game Coins + 600 Diamonds
T&Cs apply
4.5/5
Sweeptastic
Sweeptastic Bonus
Get 55,000 Lucky Coins and 34 Sweeps Coins with first purchase
T&Cs apply
4.5/5
Wow Vegas
Wow Vegas Bonus
1.75 million WOW Coins + 35 Free Sweepstake Coins
T&Cs apply
4.5/5
Latest News
Charles Hoskinson forecasts Altcoin season showdown: ADA vs. DOGE
Cardano (ADA) Faces Dual Meme Coin Competition where ...
Top 5 AI cryptocurrencies ready to thrive during the next bull market
New crypto ventures merge the groundbreaking capabilities of ...
Top Crypto Exchange Sites
Crypto Exchange Guide
  • Crypto Exchanges
  • Betting Exchange
Top Brands
Top Bonuses
Stake.us
Stake.us
Stake.us Review
4.6/5
McLuck
McLuck
McLuck Review
4.6/5
High5Casino
High5Casino
High5Casino Review
4.5/5
Sweeptastic
Sweeptastic
Sweeptastic Review
4.5/5
Wow Vegas
Wow Vegas
Wow Vegas Review
4.5/5
Stake.us
Stake.us Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
T&Cs apply
4.6/5
McLuck
McLuck Bonus
Up to 57.500 Gold Coins + 27.5 Free Sweepstakes Coins
T&Cs apply
4.6/5
High5Casino
High5Casino Bonus
5 Sweeps Coins + 250 Game Coins + 600 Diamonds
T&Cs apply
4.5/5
Sweeptastic
Sweeptastic Bonus
Get 55,000 Lucky Coins and 34 Sweeps Coins with first purchase
T&Cs apply
4.5/5
Wow Vegas
Wow Vegas Bonus
1.75 million WOW Coins + 35 Free Sweepstake Coins
T&Cs apply
4.5/5

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPG
Close
Players accepted in the US US Flag
Stake.us Exclusive Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
Promo Code
Go to Stake.us
Visit Site
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive promo code: CRYPTGAMBL
  • Play Stake Originals games for free
  • Get free Stake Cash daily just by logging in
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site