Bitcoin Gobbles $867M Inflows as Crypto Markets Roar Back to Life
Digital gold just got heavier—BTC’s dominance hits new highs as institutional money floods in. Traders pile into spot ETFs while altcoins scramble for scraps.
Bullish or reckless? The ’smart money’ that missed Bitcoin at $20K is now FOMO-buying at $70K. Wall Street’s late to the party again—but at least they brought champagne.
$104,289 led this surge, drawing a remarkable $867 million, showcasing its prevalent attraction. Since January 2024, ETFs in US exchanges have accumulated a record net inflow, reaching an impressive $62.9 billion. Meanwhile, in the altcoin ecosystem, Sui Coin’s recent performance outshone Solana
$175. This influx reflects the broader market dynamics, with the global net inflow since the start of the year nearing $6.7 billion, approaching the peak seen in February at $7.3 billion. Factors such as increased money supply, US stagflation concerns, and certain US states recognizing Bitcoin as a reserve asset fuel this financial momentum.
ContentsRegional Fund FLOW in CryptocurrenciesSui Coin Sparks Interest in Altcoin Investments
Regional Fund Flow in Cryptocurrencies
The past four weeks consistently saw positive net flows into crypto-based investment products. The $882 million in the latest week mirrors the early year’s acceleration. The United States stands at the forefront, accounting for $840 million of this inflow. Notably, Germany contributed $44.5 million, and Australia attracted $10.2 million.
Contrastingly, Canada and Hong Kong experienced respective outflows of $8 million and $4.3 million. These variations stem from investor perceptions and evolving regulatory landscapes. Investors continually adapt strategies in their pursuit of financial SAFE havens.
So far this year, global fund inflows into crypto-based investment products have risen to $6.7 billion, just shy of February’s record $7.3 billion. The current trajectory indicates a robust appetite for risk in financial markets.
Sui Coin Sparks Interest in Altcoin Investments
In the altcoin landscape, Ethereum
$2,550 saw a modest weekly inflow of $1.5 million. Conversely, the altcoin sui distinguished itself with a dazzling $11.7 million inflow. Year-to-date, Sui accumulated $84 million, surpassing Solana’s $76 million.
Last week, Solana-based products faced a $3.4 million outflow, a pattern reflecting technical ecosystem developments and liquidity fluctuations influencing investor choices. The SUI ecosystem capitalizes on new projects and increasing user interest, gaining momentum.
Sui’s emergence underscores diversification in the altcoin market. Investors now target not only established giants but also promising newcomers with high potential.
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