news 
Ethereum’s Streak of Inflows Continues: $1 Billion in 1 Week
The crypto market has been witnessing a surge in investment inflows, with Ethereum extending its streak of inflows to seven consecutive weeks. This remarkable trend saw the asset accumulate an impressive $3.7 billion during this period, with a staggering $1 billion being recorded just last week alone. These figures underscore the rapidly improving sentiment among investors towards the world’s second-largest cryptocurrency.
Notably, overall digital asset investment products have witnessed inflows of $3.2 billion in the past week, marking the 10th consecutive week of positive momentum. Moreover, this year has seen an astonishing total inflow of a massive $44.5 billion – more than four times higher than any previous year’s totals.
The data further highlights Bitcoin’s daily trading volume across all investment types on trusted exchanges has averaged a substantial $8.3 billion in 2024, double that of the FTSE 100 index. ETPs (Exchange-Traded Products) have also seen weekly trading volumes averaging $21 billion, comprising a remarkable 30% of Bitcoin trading on trusted exchanges.
Interestingly, Bitcoin investment products have contributed $2 billion to the weekly inflows, with an impressive total of $11.5 billion since the US election. Meanwhile, short Bitcoin products garnered $14.6 million, although assets under management (AuM) for this category remain modest at $130 million.
Among other notable trends, XRP witnessed a significant turnaround as it became the largest gainer among altcoins, with inflows of $145 million. This growth was likely driven by hopes for the US-listed ETF and the impending release of Ripple’s newly NYDFS-approved stablecoin RLUSD.
Other top gainers included Litecoin, which saw $2.2 million in inflows, followed closely by Cardano with $1.9 million and Solana with $1.7 million. Binance and Chainlink attracted smaller but still notable inflows of $0.7 million each.
In contrast, Sweden faced a decline in investment flows worth $19 million.
Source: cryptopotato.com
