The post Bitcoin Attracts $2 Billion in ETP Inflows as Crypto Market Sees Sustained Investment Surge appeared on BitcoinEthereumNews.com.

Cryptocurrency markets are experiencing a significant surge as digital asset investment products generate record inflows, marking a milestone for 2024. The last 10 weeks have witnessed a remarkable $20.3 billion influx into crypto ETPs, illustrating strong investor confidence amidst rising Bitcoin prices. According to CoinShares, this pattern underscores a growing trend, as CoinShares’ head of research highlights the increasing interest in both Bitcoin and Ether ETPs. Crypto ETPs attract $20.3 billion in inflows over 10 weeks, driven by Bitcoin and Ether investments. A significant year for digital assets unfolds. Unprecedented Inflows: $20.3 Billion in Last 10 Weeks The recent data released by CoinShares indicates a transformative moment in the cryptocurrency market, with $20.3 billion flowing into digital asset investment products over the past ten weeks. This figure represents a staggering 45% of all inflows recorded in 2024. The surge in investment showcases not only the resilience of cryptocurrencies but also a renewed interest from institutional and retail investors alike. This record-breaking influx follows a previous high of $3.85 billion during the week preceding December 13, underlining the strong buying momentum that has persisted since early October. The combination of favorable market conditions and bullish sentiment towards Bitcoin and Ethereum continues to attract capital. Investor Sentiment Boosted by Bitcoin’s Recent Performance Bitcoin’s impressive run has been pivotal in driving investor interest. In the week of December 9-13 alone, Bitcoin products generated $2 billion in inflows. According to CoinShares’ head of research, James Butterfill, these inflows have pushed the total since the U.S. presidential election to an astounding $11.5 billion. Also noteworthy is the activity in short BTC products, which saw inflows of $14.6 million over the past week, despite their total assets under management hovering around $130 million. This dynamic indicates a strategic repositioning of some investors, looking to hedge against…

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Filed under: News - @ December 16, 2024 12:24 pm