Altcoins Ethereum and XRP Surge With Inflows, Bitcoin Faces Outflow

Digital asset investment products saw a $270 million inflow, the second-lowest in eight weeks, per CoinShares. Year-to-date inflow is $37.3 billion. Options on US ETFs impacted the minimal inflow. Bitcoin had its first significant outflow since September, with $457 million leaving. In contrast, Ethereum attracted $634 million in inflows, surpassing 2021's total. XRP also saw a record $95 million inflow, reaching a seven-year high. The US led with $266 million in inflows, while Hong Kong saw $39 million in inflows for crypto ETPs. The Tron founder linked art, NFTs, and blockchain. Hong Kong aims to attract global asset managers with tax exemptions. Circle CEO sees stablecoins streamlining cross-border trade. Saylor suggests Microsoft replace stock buybacks with Bitcoin. TON Teleport BTC introduces tokenized Bitcoin for Telegram's Web3 apps. CryptoSlate's market report explores Bitcoin ETF options. Disclaimer: Conduct your own research before trading cryptocurrencies. Read more AI-generated news on: https://app.chaingpt.org/news