Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 11975
Markets: 92589
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
11975
Cryptocurrencies
54.28%
Bitcoin Share
crypto.news 2024-12-11 03:06:34

Crypto Investment Products hit a new weekly inflows record at $3.85B; total yearly intake reaches $41B

Crypto Investment Products hit a new weekly inflows record at $3.85B; total yearly intake reaches $41B

Last week, digital asset investment products saw their highest weekly inflows ever, amounting to $3.85 billion. According to CoinShares , the inflows to the digital asset investment products touched a record high of $3.85 billion last week, driving the yearly intake to $41 billion thus far. This figure exceeds the prior recent high of $2.7 billion, signifying a historic period of investor confidence in the market. Source: CoinShares Bitcoin ( BTC ) continues to be the top asset, pulling in $2.55 billion of inflows. The positive flows in Ripple ( XRP ) and Litecoin indicate a broad allocation of capital across digital assets. Ethereum experienced its largest weekly inflow year-to-date at $1.2 billion. In comparison, $14 million in capital flowed out from Solana ( SOL ), reflecting a shift in focus among investors. Blockchain equities, on the whole, also saw $124 million in inflows, which is the highest since January. You might also like: ‘It’s another stock market for him’: Trump to focus on Bitcoin price after inauguration Region-wise, the U.S. continued its dominance in total inflows at $3.57 billion, followed by Switzerland at $159.5 million. Total assets under management across digital asset investment products now amount to $165 billion as a result of the new inflows. Crypto boom as Trump’s popularity on the rise The massive momentum the crypto market is witnessing is likely due to two major events. President-elect Donald Trump has appointed venture capitalist David Sacks as the first-ever White House AI and crypto czar , a part of his strategic push to make the U.S. the global leader in cryptocurrency innovation. Sacks will be tasked with making rules and crafting laws for both AI and crypto, as well as chairing the Presidential Council of Advisors for Science and Technology. Another reason is Federal Reserve Chair Jerome Powell’s support for BTC. On Dec. 5, Powell said that BTC is deemed as a competitor for gold, not the dollar, at DealBook Summit 2024. You might also like: Crypto.com partners with Deutsche Bank for corporate banking expansion Jerome Powell Live at DealBook Summit 2024 https://t.co/rw4fWXJioI — Andrew Ross Sorkin (@andrewrsorkin) December 4, 2024 DealBook Summit 2024 where Powell compared Bitcoin to gold. These pro-crypto moves under soon-to-be president Donald Trump have not only pumped the morals of crypto investors in the market but have also increased Trump’s popularity. Many betters believe Trump has an 82% chance of winning the Time 2024 Person of the Year on Polymarket, a popular prediction market. Read more: Emerging token gears for massive rally; Whales load up as XRP lags

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
54.28%
Bitcoin Share
659
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.