{"id":196418,"date":"2023-11-29T19:39:40","date_gmt":"2023-11-29T19:39:40","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196418"},"modified":"2023-11-29T19:39:40","modified_gmt":"2023-11-29T19:39:40","slug":"spot-bitcoin-etf-buzz-triggers-largest-weekly-crypto-inflows-at-346-million","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/bitcoin\/spot-bitcoin-etf-buzz-triggers-largest-weekly-crypto-inflows-at-346-million\/","title":{"rendered":"Spot Bitcoin ETF Buzz Triggers Largest Weekly Crypto Inflows at $346 Million"},"content":{"rendered":"<p>A wave of investor interest has surged through digital asset investment products, propelling a record-breaking influx of $346 million. This surge stands as the most substantial weekly inflow since the latter part of 2021 and finds its genesis in anticipation of the impending launch of a spot Bitcoin Exchange-Traded Fund (ETF) in the United States.<\/p>\n<p>According to the latest data from Coinshares Digital Asset Fund Flows Weekly Report, Bitcoin led the way in this positive movement, attracting an impressive $312 million inflows over the last week. Notably, this considerable influx catapulted Bitcoin&#8217;s year-to-date total to a formidable $1.5 billion, underscoring a fervent rekindling of investor faith in the pioneering digital asset.<\/p>\n<h2><strong>Short-Selling Decline Fuels $45.3B Crypto AUM<\/strong><\/h2>\n<p>A noticeable decline in short-selling activity across the cryptocurrency landscape proves that general market sentiment experienced a noteworthy shift. This pivot signifies a palpable shift in investor confidence, with the decreased short-selling juxtaposed against the substantial surge in Bitcoin inflows.<\/p>\n<p>Ethereum, the second-largest cryptocurrency by market capitalization, has concurrently embraced a resurgence of interest among investors. After registering an inflow of $34 million the preceding week, Ethereum nearly nullified its year-long outflows, marking a significant pivot in investor sentiment towards the altcoin. Over a concise span of four weeks, Ethereum accumulated a commendable $103 million in inflows, affirming its regained traction and investor confidence.<\/p>\n<h2><strong>Bitcoin ETF Speculation Sparks Investor Optimism<\/strong><\/h2>\n<p>The ongoing momentum encapsulates a remarkable nine-week streak of inflows, indicative of a prevailing optimism pervading the market. Much of this buoyancy stems from the fervent anticipation encircling the impending launch of a Bitcoin spot ETF in the U.S., a development poised to reshape the landscape of cryptocurrency investment products significantly.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/zincable.com\/wp-content\/uploads\/2023\/10\/CB_AffiliateBanner_V3_728\u00d790.png\"><\/p>\n<p>Simultaneously, the total assets under management (AUM) for digital asset products surged to an impressive $45.3 billion, marking a notable milestone as the figures soared to their highest point in over eighteen months. This exponential growth in AUM is attributed to surging prices and a surge in fresh investments flooding into the market.<\/p>\n<h2><strong>Canada, Germany Drive 87% of $346M Inflows<\/strong><\/h2>\n<p>Amid this monumental influx, global contributions played a pivotal role, with Canada and Germany emerging as the primary drivers, collectively accounting for a dominant 87% of the total inflows. In contrast, the U.S. market, although participating, exhibited relatively restrained enthusiasm, with inflows amounting to a modest $30 million.<\/p>\n<p>In the broader crypto landscape, altcoins demonstrated commendable momentum, with tokens like Solana, Polkadot, and Chainlink witnessing positive inflows totalling $3.5 million, $0.8 million, and $0.6 million, respectively. This altcoin resurgence further reinforces the sweeping optimism in the cryptocurrency investment sphere.<\/p>\n<p>Source: <a href=\"https:\/\/zycrypto.com\/spot-bitcoin-etf-buzz-triggers-largest-weekly-crypto-inflows-at-346-million\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A wave of investor interest has surged through digital asset investment products, propelling a record-breaking&#8230;<\/p>\n","protected":false},"author":4,"featured_media":196417,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Spot Bitcoin ETF Buzz Triggers Largest Weekly Crypto Inflows at $346 Million - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/bitcoin\/spot-bitcoin-etf-buzz-triggers-largest-weekly-crypto-inflows-at-346-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spot Bitcoin ETF Buzz Triggers Largest Weekly Crypto Inflows at $346 Million - 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