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Reading: Bitcoin, XRP, Ethereum, Polkadot, Litecoin led the way! There is a Rush to Cryptocurrencies!
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EdaFace Newsfeed > Latest News > Crypto News > Bitcoin, XRP, Ethereum, Polkadot, Litecoin led the way! There is a Rush to Cryptocurrencies!
Crypto News

Bitcoin, XRP, Ethereum, Polkadot, Litecoin led the way! There is a Rush to Cryptocurrencies!

vitalclick
Last updated: December 17, 2024 7:55 am
3 months ago
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According to the latest report from CoinShares, institutional investors invested a total of $3.2 billion in crypto investment products last week. This massive influx of investment raised the annual total figure to $44.5 billion, setting a new record.

High Liquidity and Increase in Transaction VolumeRegional Investment Flows Are Rising

High Liquidity and Increase in Transaction Volume

CoinShares said its digital asset investment products saw net inflows for the tenth week in a row. In addition to the weekly net inflow of 3.2 billion dollars, the trading volume of investment products on the stock exchanges reached 21 billion dollars. This figure is Bitcoin traded on reliable exchanges. $104,723.9 It corresponds to 30% of its volume. The report noted that Bitcoin transactions on reliable exchanges reached an average of $8.3 billion per day throughout the year. This is twice the size of the Financial Times Stock Index (FTSE 100).

While investments in Bitcoin reached 38 billion dollars, Ethereum $3,945.0 It has received an investment flow of $1 billion so far. On the other hand, the altcoin market also attracted great attention. The prospect of an XRP ETF in the US brought an investment flow of $145 million. Polkadot and Litecoin $118.6 showed positive activity by receiving investments of 3.7 million dollars and 2.2 million dollars, respectively.

Regional Investment Flows Are Rising

According to the report, all regions of the world received a share of the crypto investment flow. The United States ranked first with an investment of 3.1 billion dollars. It was followed by Switzerland with 36 million dollars and Germany with 33 million dollars. Brazil attracted attention with a flow of 25 million dollars.

The CoinShares report highlighted the increasing demand for investment products, especially Bitcoin and Ethereum. These two major digital assets maintain their leadership among the preferences of institutional investors. The high interest in Bitcoin and Ethereum supports stability in the market, while other altcoins also show that they have great growth potential.

The high demand for crypto investment products makes trading easier by increasing liquidity. This allows a wider range of investors to enter the market. The ever-increasing interest of institutional investors indicates that crypto markets may grow further in the future.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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