Crypto Inflows Skyrocket To $44.5B In 2024, Bitcoin And XRP Take Center Stage
Key Takeaways:
- Crypto asset investment products saw inflows of $3.2 billion last week, continuing a 10-week streak.
- Bitcoin led inflows with $2 billion, while Ethereum secured its 7th consecutive week of positive movement.
- Whale deposits of 2.66 billion XRP into Binance reached a six-month high, indicating increased activity.
A new report by CoinShares revealed that crypto asset investment products extended their bullish streak for the 10th week in a row, as inflows of $3.2 billion took the yearly total to a record $44.5 billion, which is around four times higher than any previous year.
The report also underlines the very strong trading activity of ETPs, which averages $21 billion in traded volume per week. Those…
