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Are Altcoins ready for pre-ETF rise?
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KAMALA HARRIS CRYPTO
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Larry Fink claim now for Trump: Bitcoin supporter could be Treasury Secretary
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$1.3 billion came to crypto funds, Ethereum passed Solana $1.35 billion was invested in cryptocurrency funds last week. While Bitcoin funds received the most investment by far, Ether funds saw 45 million dollars in anticipation of the ETF and surpassed Solana funds in terms of investment value since the beginning of the year. Cryptocurrency funds and digital asset investment products completed a significant increase last week. According to CoinShares' weekly report; with a net investment of 1.35 billion dollars, the figure of the last 3 weeks has increased to 3.2 billion dollars. While the funds that received the most investment with $1.27 billion was Bitcoin products, the amount that entered BTC funds since the beginning of the year was 18.4 billion dollars. Ether surpassed Solana Entries to Ether funds continued last week. While there was an investment of 45 million dollars in these funds, the amount that has entered since the beginning of the year was 103 million dollars. In this sense, Ether funds also surpassed Solana funds. While Solana funds closed last week with a net investment of $9.6 million, the net investment since the beginning of the year reached 71 million dollars. Solana funds had seen significant inputs from the beginning of 2024, especially with significant increases in meme coins issued on the network. Ether funds, on the other hand, were silent during this period, but ETH funds reached the LEFT level with the approval of Ether ETFs in the U.S. (and with the decline of interest in Solana). $2.2 million to Litecoin While the short Bitcoin funds were $1.9 million outflows, altcoin inflows did not go unnoticed. LTC funds received a net investment of $2.2 million and drew attention. 700 thousand dollars of investments came to Chainlink funds, 400 thousand to Cardano (ADA) funds and 500 thousand dollars to XRP funds. In blockchain stocks, Valkyrie's Bitcoin miners ETF was at the top in this sense with $11.4 million. $ETH $SOL
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MtGox started the week with a transfer: Are new distributions on the way? MtGox, which sent more than 40 thousand Bitcoins to various exchanges in the past weeks, started Monday quickly. The stock market made a trial transfer in a way that can be considered a harbinger of major transfers. MtGox, which started Bitcoin distributions in early July, made a trial transaction to be more a harbinger of a major transfer. From the exchange's account, 0.021 BTC was sent to an unknown address. (It was later stated by Arkham that this address belonged to the Bitstamp exchange) MtGox had previously made trial transfers of small amounts before major transfers of thousands of BTC. MtGox bankruptcy management, which made shipments to BitBank and SBI VC Trade exchanges in the past weeks, made its first distribution to the Kraken stock exchange last week. Kraken exchange confirmed the distributions with the e-mails they sent to their customers. The Kraken exchange had announced that it would start distributing to its creditors within 7 to 14 days, despite having a 90-day period. The decline in Bitcoin... On the other hand, MtGox's trial transfer also brought a decrease in the price of Bitcoin. The largest cryptocurrency, which was around $67,800 before the transfer, experienced a drop of around $500-600. Approximately 142 thousand Bitcoins in MtGox's hands fell to 90 thousand units after the distributions. $BTC #Mtgox
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