Crypto Inflows Near $4 Billion: Bitcoin and Ethereum Lead
Cryptocurrency inflows hit an all-time high last week, reaching $3.85 billion. Positive inflows into digital asset investment products surpassed the record set just a few weeks ago.
This landmark event has pushed total year-to-date (YTD) inflows to $41 billion.
Bitcoin leads the way as cryptocurrency inflows approach $4 billion
Bitcoin (BTC) led the way, with inflows reaching $2.5 billion last week. This brings its year-to-date total revenue to a staggering $36.5 billion. Continued bullish momentum has investors anticipating further gains, with some believing Analysts see $100,000 as a viable target this cycle.
Short Bitcoin products saw $6.2 million in inflows, a trend historically observed after significant price increases. According to James Butterfill in the latest CoinShares Reportwhich underscores investor caution, with many hesitant to bet on Bitcoin’s current strength.
Meanwhile, Ethereum is making headlines for its largest weekly record of inflows, totaling $1.2 billion. This exceeds the excitement around the launch of the Ethereum ETF (exchange-traded fund) in July. The massive inflow highlights growing confidence in Ethereum’s long-term potential, especially as the blockchain solidifies its role in decentralized finance (Decentralized Finance) and NFT (Non-fungible tokens) ecosystem.
However, Ethereum’s success seems to have come at the expense of things like Solana (Sol), with an outflow of $14 million last week. This marks Solana’s second straight week of losses, indicating Investor sentiment shifts away from altcoins.
Institutional players like BlackRock have recently postponed plans for altcoin ETFs, instead opting Prioritize Bitcoin and Ethereum-centric productsfurther strengthening the market’s preference for these. The record inflows reflect a broader trend of institutional interest in digital assets.
company likes micro strategy and BlackRock has been at the forefront of this movement. For the latter, its Bitcoin spot ETF product continues to be a major catalyst for market optimism.
As Bitcoin and Ethereum account for the lion’s share of inflows, Questions remain about the future of altcoins In an increasingly competitive market. Solana’s capital outflow could be indicative of broader challenges facing the small blockchain ecosystem, especially as institutional money is attracted by the market’s giants.
Investor Sentiment: Profits and Strategy
Elsewhere, recently Research ReviewExchanges reveals the impact of Bitcoin’s rise to $100,000 on U.S. cryptocurrency investors. The survey of 719 investors showed mixed sentiment, strategies and expectations in the wake of the milestone.
48% of respondents admitted that they missed out on significant gains during Bitcoin’s bull run and regretted not taking action sooner. Another 31% believe it is not too late to invest. Meanwhile, only 15% reported success in timing investments to achieve financial goals, while 6% said they were not interested in Bitcoin during its surge.
The survey also showed that 83% of investors made less than $10,000 from the bull market, and only 2% made more than $1 million. This reflects the rarity of material gains and highlights the importance of timing and strategy.
The survey also found that 72% of participants see cryptocurrencies as their primary investment in the future. While 43% of respondents reported increased confidence in the market, 29% remained cautiously optimistic due to inherent risks. Meanwhile, 7% expressed low confidence, reflecting a lack of confidence in volatility.
The majority of respondents (67%) said they hold assets for long-term gains, while 18% are diversifying their portfolios. Only 10% chose to cash out in full, with 5% reinvesting profits into altcoins, reflecting growing interest in blockchain innovation beyond Bitcoin.
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