{"id":344573,"date":"2024-07-15T18:15:37","date_gmt":"2024-07-15T12:45:37","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=344573"},"modified":"2024-07-15T18:15:37","modified_gmt":"2024-07-15T12:45:37","slug":"ethereum-btc-sol-xrp-sees-record-inflow-bull-run-to-continue-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-btc-sol-xrp-sees-record-inflow-bull-run-to-continue-crypto-news\/","title":{"rendered":"Ethereum, BTC, SOL, XRP Sees Record Inflow, Bull Run To Continue? – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

In a recent report, CoinShares showed a significant inflow into Ethereum, Bitcoin, and other altcoins last week. The influx of funds, especially into digital asset investment products, suggests a positive market sentiment despite recent price weaknesses.<\/p>\n

Let\u2019s explore if this significant inflow signals a sustained bull run for the crypto market ahead.<\/p>\n

<\/p>\n

Ethereum, Bitcoin, and Others See Record Inflows<\/h2>\n

Last week, digital asset investment products witnessed the fifth-largest weekly inflows on record, totaling $1.44 billion, CoinShares<\/a> reported. This surge brought the year-to-date inflows to a staggering $17.8 billion, significantly surpassing the $10.6 billion recorded in 2021.<\/p>\n

However, despite these impressive inflows, trading volumes remained relatively low at $8.9 billion for the week, compared to this year\u2019s seven-day average of $21 billion. Bitcoin led the charge with $1.35 billion in inflows, marking one of its most substantial weekly inflows.<\/p>\n

In contrast, short-bitcoin products saw the largest weekly outflows since April, with investors pulling out $8.6 million. The influx into Bitcoin likely stemmed from a mix of factors, including the German government\u2019s Bitcoin sales and a positive shift in sentiment due to lower-than-expected CPI<\/a> data in the U.S.<\/p>\n

<\/p>\n

<\/p>\n

Meanwhile, Ethereum followed with $72 million in inflows, the highest since March. This surge is attributed to the anticipated approval of a Spot Ethereum ETF in the U.S. Other altcoins<\/a> also saw notable inflows, with Solana, Avalanche, Chainlink, and XRP receiving $4.4 million, $2 million, $1.3 million, and $1 million, respectively.<\/p>\n

Also Read: UXLINK Token Braces For Major Listings & Airdrop: Here\u2019s All<\/a><\/strong><\/p>\n

Will The Momentum Sustain?<\/h2>\n

The US dominated regional inflows, contributing $1.3 billion last week. However, other regions also displayed bullish sentiment. Switzerland saw record inflows this year, while Hong Kong and Canada followed with $58 million and $55 million, respectively.<\/p>\n

<\/p>\n

CoinShares highlighted that the recent price weakness presented a buying opportunity for many investors. The substantial inflows into Bitcoin and other digital assets indicate a strong belief in the market\u2019s long-term potential. Besides, this sentiment, combined with regulatory developments and macroeconomic factors, suggests a possible continuation of the bull run.<\/p>\n

Investors seem optimistic about the crypto market\u2019s future, especially with the looming approval of an Ethereum ETF<\/a> this week. If these trends persist, we could witness sustained growth and innovation in the digital asset space. However, market participants should remain cautious of potential regulatory changes and market volatility. Meanwhile, several analysts have also said that Bitcoin has already reached its bottom.<\/p>\n

Also Read: XRP Whales Buy 100M Coins Amid Ripple Vs. SEC Settlement Rumors<\/a><\/strong><\/p>\n

<\/p>\n

<!– <\/p>\n

<\/div>\n

–><\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n <\/p>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam’s expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam’s journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience. <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"5<\/div>\n
5 Important Highlights from the Recent Fed Meeting <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"ChatGPT's<\/div>\n
ChatGPT\u2019s Next Big Upgrade: What You Need to Know <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"5<\/div>\n
5 Reasons behind Mega Bank\u2019s 2024 Ethereum Price Prediction <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

In a recent report, CoinShares showed a significant inflow into Ethereum, Bitcoin, and other altcoins last week. The influx of funds, especially into digital asset investment products, suggests a positive market sentiment despite recent price weaknesses. Let\u2019s explore if this significant inflow signals a sustained bull run for the crypto market ahead. Ethereum, Bitcoin, and […]<\/p>\n","protected":false},"author":2,"featured_media":323957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-344573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/344573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=344573"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/344573\/revisions"}],"predecessor-version":[{"id":344579,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/344573\/revisions\/344579"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/323957"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=344573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=344573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=344573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}