Bitcoin Bags $2B Inflows, Ether Sees Highest Institutional Buying Since March

Bitcoin Bags $2B Inflows, Ether Sees Highest Institutional Buying Since March


Bitcoin led the investment activity with over $1.97 billion in inflows, while Ether saw its best week since March with nearly $70 million in inflows. Some traders expect buying activity in ether-tracked products to continue, with expectations of the asset reaching the $10,000 price level in 2024.

Crypto investment products took on nearly $2 billion in inflows last week to help extend a five-week run to over $4.3 billion, asset manager CoinShares said in a Monday report.

Trading volumes in exchange-traded products (ETPs) rose to $12.8 billion for the week, up 55% from the week prior. Bitcoin led investment activity at over $1.97 billion

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!