Bitcoin, XRP Drive $ 664 million inflow, 5 weeks crypto ETP leaked stripes
According to Coinshares ‘latest report, Crypto -related exchange trading products (ETP) ended five weeks of leaked stripes, and according to Coinshares’ latest reports, they recorded a strong inflow of $ 660 million per share.
James Butterfill, the research director of Coinshares, pointed out that the trend reversal reflects the significant improvement of investor feelings in the digital asset sector.
According to him, Crypto ETPS has seen that it flows into 17 days of leaks last week. The renewed inflow reached $ 135 billion, with a 6.3% increase in the total assets of management (AUM), the lowest on March 10.
Bitcoin is leading to recovery
The report showed that Bitcoin played the most important role in this rebound and raised $ 724 million in fresh capital. This has led to $ 5.4 billion in the last five weeks.
Most of the activities came from the Bitcoin ETF listed in the United States. Blackrock’s Ishares Bitcoin Trust (IBIT) led the inflow of $ 464 million. FIDELITY’s FBTC recorded $ 130 million, while ARK 21Shares had $ 75 million.
At the same time, the short Bitcoin product has leaked $ 7.1 million and has strengthened its strength.
US -based products accounted for a total of $ 663 million. But when Switzerland added $ 15.9 million, Germany’s $ 13.9 million and Hong Kong $ 1.2 million, optimistic optimism expanded beyond the US market.
XRP rise, Ether Leeum struggle
XRP other than Bitcoin has led Altcoin to $ 6.7 million.
This token has benefited from a new optimism following the decision of US Securities and Exchange Commission, which has decided to withdraw its long lawsuit against Ripple Labs.
Solana’s inflow of XRP was almost $ 6.4 million despite interest in Memecoin activities on the network.
Meanwhile, the polygon and chain links were more humble but profitable for $ 400 million and $ 200,000, respectively.
In contrast, Ether Leeum saw the most rapid decline with a $ 88 million leak.
The other Altcoins faced in the repayment include SUI and Polkadot, $ 1.3 million, TRON, $ 950,000 and Algorand, respectively.
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