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Bitcoin and Ether lead $17.8B crypto inflows
Bitcoin saw its fifth-largest week of inflows on record, helping it recapture the $60,000 mark, while Ether inflows took second place in anticipation of the US Ether ETFs.
Inflows into digital asset investment products have hit a new record of over $17.8 billion year-to-date (YTD), pointing to the start of a potential crypto market recovery.
The new record comes after cryptocurrency investment products saw a total of $1.44 billion worth of inflows last week.
According to CoinShares data, the year-to-date inflows for 2024 have reached $17.8 billion, significantly surpassing the previous record of $10.6 billion set in 2021.
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Author: Zoltan Vardai