Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Ethereum and Cardano Lead Institutional Altcoin Inflows as Cryptocurrency ETPs Reach $1,100,000,000: CoinShares
ALTCOIN NEWS

Ethereum and Cardano Lead Institutional Altcoin Inflows as Cryptocurrency ETPs Reach $1,100,000,000: CoinShares

By Crypto FlexsFebruary 13, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum and Cardano Lead Institutional Altcoin Inflows as Cryptocurrency ETPs Reach ,100,000,000: CoinShares
Share
Facebook Twitter LinkedIn Pinterest Email

Digital asset manager CoinShares said institutions have poured $1.1 billion into cryptocurrency investment products, a month after the U.S. Securities and Exchange Commission (SEC) approved a spot BTC exchange-traded fund (ETF). Yes.

In its latest Digital Asset Fund Flows report, CoinShares found that there were over $1 billion in inflows into cryptocurrency investment products last week, with no signs of slowing down.

“Digital asset investment products saw massive inflows totaling $1.1 billion, with annual inflows reaching $2.7 billion. Combined with recent price gains, total assets under management (AuM) stands at $59 billion, the highest level since early 2022.”

Source: CoinShares

Most inflows were concentrated in the BTC ETF, which reached nearly $3 billion last month, according to CoinShares. The company said that Bitcoin’s price rise has “boosted sentiment” towards Ethereum (ETH) and Cardano (ADA). Both saw more inflows than the rest of the altcoin market.

“Regionally, the focus has been on newly minted spot-based Bitcoin ETFs in the US. Net inflows last week were $1.1 billion, and since its launch on January 11, inflows have reached $2.8 billion. Outflows from incumbents have slowed significantly, but the potential sale of Genesis’ $1.6 billion holdings could trigger further outflows in the coming months.

Bitcoin accounted for almost 98% of inflows, and the price rise also heightened sentiment towards Ethereum and Cardano.”

As usual, BTC accounted for the lion’s share of inflows, accounting for $1.09 billion or 98% of last week’s inflows. Ethereum (ETH), Cardano (ADA), Avalanche (AVAX), Polygon (MATIC), and Tron (TRX) recorded inflows of $16 million, $6 million, $500,000, $400,000, and $400,000, respectively. .

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us TwitterFacebook, Telegram

Daily Hodl Mix Surfing

Check out the latest news headlines

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Featured image: Shutterstock/Naeblys/INelson

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025
Most Popular

Ethereum L2 EigenLayer is ‘the last life-changing airdrop,’ experts say.

May 6, 2024

Pudgy Penguins parent company Igloo Inc. acquires Frame

June 29, 2024

Sui Foundation launches grant program for DeepBook development

December 14, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.