Bitcoin and Ether Lead Crypto Investment Surge, Surpassing $4.3 Billion Inflows

• Bitcoin led with $1.97B inflows, Ether saw $70M inflows.
• Crypto products had $2B inflows, extending 5-week run to $4.3B.
• ETH products expected to see continued inflows, potential rally.
• SEC approved key filings for ETH ETFs, milestone for crypto.
• Traders expect ETH to reach $10,000 in 2024.
• ETH now deflationary, could fuel end-of-year rally to new highs.

Summary :
Bitcoin led the investment activity last week with over $1.97 billion in inflows, while Ether also saw a strong week with nearly $70 million in inflows. This helped extend a five-week run of crypto investment products taking on nearly $2 billion in inflows, bringing the total to over $4.3 billion, according to CoinShares. Trading volumes in exchange-traded products (ETPs) rose to $12.8 billion, a 55% increase from the previous week. The positive price action led to total assets under management (AuM) rising above $100 billion for the first time since March. The inflows into Ether products are expected to continue, with some traders predicting a rally towards the end of the year. The recent approval of key regulatory filings for Ether ETFs by the U.S. Securities and Exchange Commission (SEC) has contributed to the positive sentiment. Overall, the cryptocurrency market is experiencing significant investment activity and optimism for future growth.

Sources :

- Coindesk