BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Bitcoin This Week July 15 – 21: Record Inflows into Crypto Assets Signal Market Optimism

by Matoy
July 15, 2024
in BREAKING NEWS, CRYPTO, INVESTING
Reading Time: 2 mins read
A A
2
SHARES
28
VIEWS
Share on XShare in TelegramShare on Reddit
  • Over $17.8 billion has flowed into crypto assets YTD, breaking 2021’s record.
  • Majority of new investments originate from the U.S., with significant contributions from Switzerland.
  • Bitcoin sees record weekly inflows; Ethereum inflows surge in anticipation of a new ETF.

The cryptocurrency market is witnessing a significant resurgence, as evidenced by record-setting inflows into digital asset investment products, which have amassed more than $17.8 billion so far this year. According to data, the accumulation of investments surpasses the prior record of $10.6 billion set in 2021, marking a notable shift in investor sentiment and engagement with cryptocurrency.

This surge in investment is predominantly driven by buyers in the United States, which alone contributed $1.3 billion in the past week. Additionally, Switzerland has seen a dramatic increase in its investment volume, setting a new yearly record. Other regions such as Hong Kong and Canada also showed robust increases, with investments totaling $58 million and $24 million, respectively.

Significant Weekly Movements

This influx of funds into cryptocurrency investment products comes at a time when the market is keenly observing movements in major digital currencies. Bitcoin, for instance, recorded its fifth-largest weekly inflow, with over $1.35 billion pouring in, helping it rebound past the significant price point of $60,000. This rebound is particularly noteworthy, as it followed a period of price dips partly attributed to large Bitcoin sales by the German government.

Conversely, Bitcoin-related investment products designed for betting against the price saw their largest outflows since April 2024, equaling more than $8.6 million. This indicates a shift in investor expectations, potentially forecasting a more bullish future for the cryptocurrency.

Anticipation for Ethereum ETF

Ethereum also featured prominently in the weekly inflow data, securing over $72.1 million as investors anticipate the launch of the first spot Ethereum exchange-traded fund (ETF) in the U.S. The potential introduction of this ETF has sparked considerable interest, with several issuers, including VanEck and 21Shares, updating their filings in preparation for what they hope will be imminent regulatory approval.

This bustling activity in the crypto markets, characterized by substantial inflows and strategic anticipation of new financial products, underscores a growing confidence and maturation in the sector. As regulatory landscapes evolve and major institutional players continue to engage, the foundation is set for what could be a transformative period in the history of digital assets.

Tags: crypto
Tweet1ShareShare
Previous Post

The Block Letter – Ju1 12

Next Post

Bitcoin is Pumping Hard Right Now and Here is Why

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Connecticut Bans Bitcoin and Crypto for Government Funds
BITCOIN

Connecticut Bans Bitcoin and Crypto for Government Funds

July 1, 2025
Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme
CRYPTO

Shiba Inu: Turning $3,000 into $10,000 – The Math Behind the Meme

July 1, 2025
FARTCOIN Surges 148%—Is the Meme Just the Beginning?
CRYPTO

FARTCOIN Surges 148%—Is the Meme Just the Beginning?

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.