The crypto market is showing signs of a bullish resurgence, with reports of an impressive $2 billion in inflows for May alone.
Alongside this positive trend, Ethereum (ETH) has seen a notable turnaround in investor sentiment as the long-awaited spot exchange-traded funds (ETFs) for the market’s second-largest cryptocurrency received approval from the US regulators last week.
Record-Breaking Month For Crypto Products
According to a recent report from research firm CoinShares, digital asset investment products consistently attracted inflows during the four weeks, amassing a total of $185 million.
May proved to be particularly fruitful, with inflows surpassing $2 billion. This achievement marks the first time on record that year-to-date inflows have exceeded the $15 billion mark, highlighting investors’ growing interest in the crypto market.
Related Reading
Most inflows originated from the United States, with a net inflow of $130 million. However, it is worth noting that ETF issuers experienced outflows amounting to $260 million.
Switzerland also witnessed a significant uptick in investor interest, recording its second-largest weekly inflow this year at $36 million. Meanwhile, Canada witnessed a positive turnaround, with inflows of $25 million, despite experiencing a net outflow of $39 million in May.
Ethereum Rebounds With $200M Inflows
Per the report, Bitcoin (BTC) continued to dominate the crypto market, attracting inflows totaling $148 million. Conversely, short-Bitcoin products witnessed another week of outflows, amounting to $3.5 million, suggesting that sentiment among ETF investors remains largely positive for the leading cryptocurrency.
Ethereum, on the other hand, experienced a notable change in investor sentiment following the Securities and Exchange Commission’s (SEC) approval of a spot-based ETF that is expected to launch in July 2024.
CoinShares notes that this approval marked a turning point for Ethereum, which had endured ten weeks of outflows totaling $200 million. Interestingly, the positive news for Ethereum had a ripple effect on Solana (SOL), which received an additional $5.8 million in inflows last week.
Related Reading
While direct investments in crypto assets have been thriving, blockchain equities faced a different scenario. In the past week alone, blockchain equities witnessed outflows of $7.2 million.
The report notes that since the beginning of the year, the sector has suffered outflows totaling $516 million, reflecting a challenging period for blockchain-related stocks.
At the time of writing, Ethereum has seen a 4% price drop in the last week, resulting in a trading price of $3,770. However, the second-largest cryptocurrency on the market still holds gains of 21%, as recorded in the 30 days.
Featured image from DALL-E, chart from TradingView.com
The crypto market is showing signs of a bullish resurgence, with reports of an impressive $2 billion in inflows for May alone.
Alongside this positive trend, Ethereum (ETH) has seen a notable turnaround in investor sentiment as the long-awaited spot exchange-traded funds (ETFs) for the market’s second-largest cryptocurrency received approval from the US regulators last week.
Record-Breaking Month For Crypto Products
According to a recent report from research firm CoinShares, digital asset investment products consistently attracted inflows during the four weeks, amassing a total of $185 million.
May proved to be particularly fruitful, with inflows surpassing $2 billion. This achievement marks the first time on record that year-to-date inflows have exceeded the $15 billion mark, highlighting investors’ growing interest in the crypto market.
Related Reading
Most inflows originated from the United States, with a net inflow of $130 million. However, it is worth noting that ETF issuers experienced outflows amounting to $260 million.
Switzerland also witnessed a significant uptick in investor interest, recording its second-largest weekly inflow this year at $36 million. Meanwhile, Canada witnessed a positive turnaround, with inflows of $25 million, despite experiencing a net outflow of $39 million in May.
Ethereum Rebounds With $200M Inflows
Per the report, Bitcoin (BTC) continued to dominate the crypto market, attracting inflows totaling $148 million. Conversely, short-Bitcoin products witnessed another week of outflows, amounting to $3.5 million, suggesting that sentiment among ETF investors remains largely positive for the leading cryptocurrency.
Ethereum, on the other hand, experienced a notable change in investor sentiment following the Securities and Exchange Commission’s (SEC) approval of a spot-based ETF that is expected to launch in July 2024.
CoinShares notes that this approval marked a turning point for Ethereum, which had endured ten weeks of outflows totaling $200 million. Interestingly, the positive news for Ethereum had a ripple effect on Solana (SOL), which received an additional $5.8 million in inflows last week.
Related Reading
While direct investments in crypto assets have been thriving, blockchain equities faced a different scenario. In the past week alone, blockchain equities witnessed outflows of $7.2 million.
The report notes that since the beginning of the year, the sector has suffered outflows totaling $516 million, reflecting a challenging period for blockchain-related stocks.
At the time of writing, Ethereum has seen a 4% price drop in the last week, resulting in a trading price of $3,770. However, the second-largest cryptocurrency on the market still holds gains of 21%, as recorded in the 30 days.
Featured image from DALL-E, chart from TradingView.com
how to get cheap clomiphene no prescription buying generic clomid no prescription can i buy generic clomiphene price can i get clomiphene for sale where can i buy clomid no prescription clomiphene pills clomiphene nz prescription
This is the description of topic I have reading.
More posts like this would bring about the blogosphere more useful.
buy generic zithromax for sale – cost ofloxacin 200mg buy metronidazole for sale
buy rybelsus cheap – cyproheptadine sale periactin over the counter
purchase motilium online – cyclobenzaprine usa cyclobenzaprine 15mg brand
buy inderal pills for sale – order plavix 150mg pills cheap methotrexate 5mg
order azithromycin generic – tinidazole 500mg uk brand nebivolol
buy nexium 20mg for sale – nexium to us buy esomeprazole 20mg pills
coumadin over the counter – https://coumamide.com/ cozaar 50mg canada
meloxicam online buy – mobo sin order mobic pill
buy deltasone 10mg pill – https://apreplson.com/ prednisone 5mg oral
erection pills online – https://fastedtotake.com/ erectile dysfunction pills over the counter
cheap amoxicillin pill – buy amoxil pill amoxil pills
diflucan 200mg canada – https://gpdifluca.com/ buy diflucan pills
cenforce 100mg sale – cenforce rs order cenforce 50mg without prescription
cialis free trial canada – https://ciltadgn.com/# can cialis cause high blood pressure
where to buy cialis over the counter – strong tadafl tadalafil generic reviews
ranitidine where to buy – https://aranitidine.com/ order generic zantac
order viagra australia – https://strongvpls.com/ Viagra 50mg
More posts like this would bring about the blogosphere more useful. click
The thoroughness in this section is noteworthy. https://buyfastonl.com/furosemide.html
I’ll certainly bring to skim more. https://ursxdol.com/clomid-for-sale-50-mg/
I’ll certainly return to be familiar with more. https://prohnrg.com/product/cytotec-online/
This is the amicable of topic I enjoy reading. acheter propecia generique pas cher
More content pieces like this would create the интернет better. https://ondactone.com/product/domperidone/
The thoroughness in this section is noteworthy.
https://proisotrepl.com/product/propranolol/
Thanks for putting this up. It’s understandably done. http://www.predictive-datascience.com/forum/member.php?action=profile&uid=44796
forxiga usa – https://janozin.com/ cost forxiga 10 mg
orlistat price – https://asacostat.com/ buy xenical without a prescription