crypto.news17 minutes ago

Published on July 15, 2024 13:34 GMT+00:00edited on July 15, 2024 13:39 GMT+00:00

Bitcoin and the U.S. led capital inflows into crypto-backed products as investors seized lower-priced market opportunities. 

According to CoinShares research, investors parked $1.44 billion in crypto vehicles, with $1.35 billion flowed into Bitcoin (BTC) ETFs in the U.S. and other regions. These numbers marked Bitcoin’s fifth-largest weekly influx and propelled the total crypto product inflows for 2024 to $17.8 billion.

Altcoins like Ethereum (ETH) also enjoyed positive investor attention, drawing in $72 million last week for the time since March. This year’s inflows have eclipsed 2021’s $10.6 billion and continue to set new records for digital asset investments. 

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