Ethereum Products See $1.59B Weekly Inflows While Bitcoin Faces $175M Outflows
Main Idea
Ethereum investment products saw $1.59 billion in weekly inflows, significantly outpacing Bitcoin's $175 million outflows, while altcoins like Solana and XRP also experienced notable inflows.
Key Points
1. Ethereum investment products recorded $1.59 billion in weekly inflows, while Bitcoin saw $175 million in outflows.
2. US spot Ethereum ETFs have accumulated $9.33 billion in inflows since their launch.
3. Altcoins such as Solana and XRP followed Ethereum's strong performance with inflows of $311 million and $189 million, respectively.
4. U.S.-based products dominated regional inflows with $2 billion, while Germany saw $70 million in inflows.
5. BitMine Immersion Technologies acquired $2 billion worth of ETH, becoming the largest corporate holder of Ethereum.
Description
Ethereum investment products recorded a staggering $1.59 billion in inflows last week, marking the second-largest weekly total in the asset’s history. Key Takeaways: Ethereum investment products led with $1.59 billion in weekly inflows, outpacing Bitcoin’s $175M outflows. US spot Ethereum ETFs have now pulled in $9.33 billion since launch. Altcoin inflows surged for Solana and XRP, fueling speculation of an emerging altcoin season. The surge helped push digital asset inflows across all products ...
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