đ„ Crypto Hot News! đ„
- Last week, the inflow into crypto investment products increased sharply, reaching $436 million, led by Bitcoin (BTC). đ
- Funds such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares and 21Shares all had positive inflows, thanks to expectations of lower interest rates from the Fed.
- BTC led with $436 million, after a 10-day streak of $1.8 billion in withdrawals. Short BTC investment products also reversed, withdrawing $8.5 million.
- Solana (SOL) also attracted $3.8 million, the 4th consecutive week. Litecoin (LTC) and Cardano (ADA) attracted $300k and $600k respectively.
- Ethereum (ETH) continued to struggle, withdrawing $19 million last week, totaling $98 million the week before. Many concerns about profits after the Dencun upgrade.
- Since its launch, Bitcoin ETF has attracted $17 billion, while Ether ETF has withdrawn $581 million. ETH/BTC ratio drops below $0.04, lowest since April 2021.
What do you think about this trend? Comment now! đŹ
#Crypto#Bitcoin#Ethereum#Blockchain #Investment
