Bitcoin
News

The 7-Week Money Flow in Bitcoin and Crypto Investment Products Reaches $1 Billion!

BTC

BTC/USDT

$92,471.81
+1.14%
24h Volume

$15,918,661,396.25

24h H/L

$93,388.00 / $90,863.47

Change: $2,524.53 (2.78%)

Long/Short
58.8%
Long: 58.8%Short: 41.2%
Funding Rate

+0.0044%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$92,669.88

1.25%

Volume (24h): -

Resistance Levels

Resistance 3$98,019.06
Resistance 2$95,406.84
Resistance 1$93,460.83
Price$92,669.88
Support 1$91,540.12
Support 2$90,244.08
Support 3$88,391.96
Pivot (PP):$92,524.23
Trend:Uptrend
RSI (14):62.4
(11:45 AM UTC)
2 min read

Contents

595 views
0 comments
  • Digital asset investment products saw inflows totaling $293 million last week, pushing this 7-week influx series beyond $1 billion.
  • The total Assets under Management (AuM) are currently at their highest level since the major crypto fund failures in May 2022, standing at $44.3 billion.
  • Bitcoin witnessed inflows of $240 million last week, bringing its year-to-date inflows to $1.08 billion.

Capital inflows in digital asset investment products continued strongly last week: 7-week flow reached $1 billion!

Money Flow in Bitcoin and Crypto Investment Products

cryptocurrency

Digital asset investment products saw inflows totaling $293 million last week, pushing this 7-week influx series beyond $1 billion, and year-to-date inflows reached $1.14 billion, marking the third-highest annual influx recorded.

As a result of these inflows and recent price increases, the total Assets under Management (AuM) increased by 9.6% last week, reaching a 99% increase since the beginning of the year. The total AuM is currently at $44.3 billion, the highest level since the major crypto fund failures in May 2022.

Bitcoin Exchange-Traded Product (ETP) trading volume represented 19.5% of the total Bitcoin trading volume on reliable exchanges. This is a rare occurrence, indicating that ETP investors are much more involved in this rally compared to the 2020/21 period.

Bitcoin saw inflows of $240 million last week, bringing its year-to-date inflows to $1.08 billion. Meanwhile, short Bitcoin positions saw outflows of $7 million, indicating the continued positive sentiment.

Crypto-Asset-Flows
Crypto Asset Flows

Ethereum and Other Altcoins

Ethereum witnessed its largest inflow since August 2022, totaling $49 million. The last two weeks signaled a significant turnaround in sensitivity, likely associated with the recent spot-based ETF listing demand in the United States. Additionally, Solana saw inflows totaling $12 million.

Blockchain equity ETFs brought the flows since July 2022 to $14 million, bringing year-to-date flows to $11 million.

Lucien Renard

Lucien Renard

Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
View all posts

Comments

Yorumlar

HomeFlashMarketProfile