Ethereum and Cardano now lead massive institutional inflow as $1,100,000,000 ($1.1bn) hits crypto ETPs, sources report.
Digital assets manager CoinShares says institutions poured a whopping $1.1 billion into crypto investment products one month after the U.S. Securities and Exchange Commission (SEC) approved the spot BTC exchange-traded funds (ETFs).
In its latest Digital Asset Fund Flows report, CoinShares finds that crypto investment products saw over a billion dollars in inflows last week and show no signs of slowing down.
“Digital asset investment products saw large inflows totaling $1.1 billion, bringing year-to-date inflows to $2.7 billion,” the report detailed.
“Coupled with recent price rises, total assets under management (AuM) is at the highest level since early 2022 at $59 billion.”
According to CoinShares, most of the inflows were focused on BTC ETFs, which have reached almost $3 billion in the last month.
The firm says Bitcoin’s price appreciation “buoyed sentiment” for Ethereum (ETH) and Cardano (ADA), which both saw more inflows than the rest of the altcoin market.
“Regionally, the focus remained on the newly issued spot-based Bitcoin ETFs in the US, which saw a net $1.1 billion inflows last week, bringing inflows since the January 11th launch to $2.8 billion.
The outflows from incumbents have slowed significantly, but the potential sale of the Genesis holdings of $1.6 billion could prompt further outflows in the coming months…
Bitcoin saw almost 98% of the inflows, while the price appreciation also buoyed sentiment for Ethereum and Cardano.”
BTC, per usual, saw the lion’s share of inflows, taking in 98% of last week’s inflows at $1.09 billion.
Ethereum (ETH), Cardano (ADA), Avalanche (AVAX), Polygon (MATIC), and Tron (TRX) each saw inflows of $16 million, $6 million, $0.5 million, $0.4 million, and $0.4 million, respectively.
For those interested in the latest trends and insights, it’s important to stay informed about various market prices.
Also, check out the latest updates on Ethereum price cad to see how this leading cryptocurrency is performing in the Canadian market.
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Also Read: How To Invest In Bitcoin Cryptocurrency For Beginners
Other Crypto Market News Today
Bitcoin will now surge to $200,000 in 2025 says pseudonymous analyst Dave the Wave, per his crypto market data.
“BTC just shy of $200,000 in 2025 based on this prediction,” he stated to his 144,400 followers on social media.
He bases the estimate on Bitcoin’s logarithmic monthly moving average convergence divergence (LMACD), a long-term momentum indicator, as well as Fibonacci extension levels, which keep track of potential areas of support and resistance, reports The Daily Hodl.
Looking at his chart, the trader suggests the LMACD indicator is showing BTC has reached a market bottom and is in an uptrend that will reach nearly $200,000 by October 2025.
The trader also uses his version of logarithmic growth curves (LGCs), which aim to forecast Bitcoin’s market cycle highs and lows while filtering out short-term volatility.
“BTC solid and sideward within the range so far.”
According to the trader’s chart, the LGC’s support levels could be tested at the longer-term end of the channel near $30,000 or potentially at $38,000 if its shorter ascending channel stays intact.
The trader believes that the logarithmic chart accurately provides a longer-term view of Bitcoin’s price action.
“It really is astounding the effect time has on our perceptions – just three years ago the current BTC price in the $40,000 range was blowing everyone’s mind, where today it is thought all a bit passé.
This has something I think to do with ‘time preference’, where those with a high-time preference are very much focused on the present (present-minded), while those with the low on the future (a more ‘elastic’ frame of mind).”
Bitcoin (BTC) is currently trading at $45,163 at the time of this publication.
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Also Read: Crypto Investors Now See Bitcoin (BTC) Surging to Whopping $100K
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