3 cryptocurrencies took the lion's share: $300 million invested in funds



According to CoinShares' report, three cryptocurrencies took the lion's share of the funds last week. Bitcoin received $240 million, followed by Ethereum with $49 million and Solana with $12.4 million. A small inflow of $800,000 was also recorded in Cardano. Interest from fund investors is higher than in 2020/21 On the other hand, trading volumes in Bitcoin funds accounted for 19.5% of total trading volumes. According to the report, this shows that fund investors are more involved in this rally than in the rally in 2020/21. As a result of recent investments, the funds' total assets under management increased by nearly 10% last week and 99% since the beginning of the year. In this way, the total reached $44.3 billion, the highest level since May 2022. BlackRock effect on Ethereum Finally, the $49 million investment in Ethereum was the highest investment amount since August 2022. According to the report, this was attributed to BlackRock's application for a spot Ethereum ETF.

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GalaNewsvip
· 2023-11-14 08:19
Thank you
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KadriDzvip
· 2023-11-13 20:48
thanks
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