{"id":349497,"date":"2024-07-22T17:10:00","date_gmt":"2024-07-22T11:40:00","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=349497"},"modified":"2024-07-22T17:10:00","modified_gmt":"2024-07-22T11:40:00","slug":"crypto-investment-funds-attracts-1-35b-inflows-aum-hits-97b-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-investment-funds-attracts-1-35b-inflows-aum-hits-97b-crypto-news\/","title":{"rendered":"Crypto Investment Funds Attracts $1.35B Inflows, AUM Hits $97B – Crypto News"},"content":{"rendered":"

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Crypto investment funds have recorded $1.35 billion inflows in the last seven days taking figures in the last 21 days to $3.2 billion. Most sectors gained traction in the same period as sentiments continued to soar after a flip of macroeconomic factors. Investors set sights on sustained inflows as the market preps for spot Ethereum ETF listings.<\/span><\/p>\n

Crypto Investment Funds Recorded Upticks<\/strong>\u00a0<\/span><\/h2>\n

Digital asset products have marked significant inflows as the market sentiment grows. A new <\/span>CoinShares<\/span><\/a> report shows $1.35 billion upticks in crypto investment funds. This figure raises three weeks\u2019 consecutive gains to $3.2 billion. Market leader Bitcoin (BTC) saw $1.27 billion in the last seven days while short Bitcoin marked $1.9 million in outflows taking total numbers to $44 million since March. In a nutshell, this points to improved sentiments since the asset\u2019s halving.<\/span><\/p>\n

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However, blockchain equities saw exits, unlike tokens posting $8.5 million figures last week. Despite this, trading volumes were up 45% from the previous week showing strong market activity while the <\/span>crypto market<\/span><\/a> saw a 22% decline in volumes.<\/span><\/p>\n

Geographically, the United States led movements after attracting $1.3 billion while Canada saw $7.8 million. \u201c<\/span>Regionally the picture was more mixed relative to last week, with the US and Switzerland seeing significant inflows of US$1.3bn and US$66m respectively, while Brazil and Hong Kong saw minor outflows totaling US$5.2m and US$1.9m respectively.\u201d<\/span><\/i><\/p>\n

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Also Read: <\/b>Shytoshi Kusama Spotlights Shiba Inu\u2019s TREAT Token Blunder<\/span><\/a><\/p>\n

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Altcoin Products Rebound<\/strong>\u00a0<\/span><\/h2>\n

The jump in crypto investment funds stretched beyond Bitcoin to altcoins as the digital asset saw positive swings. Ethereum (ETH) notched $45.3 million inflows taking monthly numbers to $128 million. This development follows increased optimism for spot <\/span>Ethereum ETFs<\/span><\/a> in the United States.\u00a0<\/span><\/p>\n

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Multi-asset recorded $16.7 million in flows while Solana (SOL) and Ripple (XRP) gained $9.6 million and $0.5 million respectively. These inflows raised the AUM of crypto investment funds to $97.6 billion as bulls point to an uphill climb. This year, crypto products have spiked following the approval of spot Bitcoin ETFs which marked renewed institutional inflow in the digital asset sector. The turnaround of market sentiments also led to higher DeFi numbers.<\/span><\/p>\n

Also Read: <\/b>DeFi TVL Soars 72% to $94 Billion This Year: Binance<\/span><\/a><\/p>\n

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David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding. <\/p>\n<\/p><\/div>\n

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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

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Crypto investment funds have recorded $1.35 billion inflows in the last seven days taking figures in the last 21 days to $3.2 billion. Most sectors gained traction in the same period as sentiments continued to soar after a flip of macroeconomic factors. Investors set sights on sustained inflows as the market preps for spot Ethereum […]<\/p>\n","protected":false},"author":2,"featured_media":349501,"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-349497","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\/349497","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=349497"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/349497\/revisions"}],"predecessor-version":[{"id":349503,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/349497\/revisions\/349503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/349501"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=349497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=349497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=349497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}