Inflows into ETH-based investment products totaled $45.3 million for the week, bringing the total to $128.6 million since the beginning of July 2024. The primary catalyst for the growth was the rumors surrounding the launch of exchange-traded funds (ETF) based on Ethereum spot quotes.
According to the latest CoinShares report, digital asset-based investment products raised $3.2 billion in the past three weeks, $1.35 billion of which was raised last week. In addition to BTC, investors were most active in ETH-based investment products.
During the past week, the inflow of funds in Ethereum-based products amounted to $45.3 million. Investment instruments based on the asset recorded a capital inflow of $128.6 million from July 1 to July 21, significantly outpacing the popularity of other altcoin-based crypto products. CoinShares analysts attribute investor activity to the growing excitement surrounding the launch of spot Ethereum ETFs, which began trading on stock exchanges in the United States today.
Despite the growing demand for ETH-based products, Bitcoin is attracting the most funds. Thus, investors invested $1.27 billion in BTC-based investment products over the last week and more than $3 billion since the beginning of the month. As for other altcoins, investment products based on Solana and Litecoin attracted $9.6 million and $2.2 million over the last week.
The most active regions last week were the United States and Switzerland, which saw inflows into crypto products of $1.3 billion and $66.3 million, respectively. At the same time, Germany, Hong Kong, and Brazil saw a slight outflow of investments totaling $5.2 million, $1.9 million, and $1.7 million, respectively.
Blockchain startups’ funding in 2024 decreased by 64% year-on-year. At the same time, about a third of crypto startups in the current year were opened in Europe, and another third are in Asia.
Сообщение Weekly Flows into ETH-Based Investment Products Reach $45 Million появились сначала на CoinsPaid Media.
