š The digital asset market continues to be strong! Inflows continue to grow, especially for Ethereum š„
According to the latest weekly data, the crypto market is ushering in a wave of capital boom:
š° Inflows for 5 consecutive weeks, a total of $1.3 billion!
The total inflow so far in 2023 has reached $7.3 billion. Even if the price has fallen, the appeal of digital asset products remains undiminished.
š¶ Ethereum leads with $793 million in inflows
The price of Ethereum fell to nearly $2,100, attracting a large amount of bargain-hunting funds, making its inflows exceed Bitcoin for the first time since 2023! š¾ Ethereum's "rebound" has become the focus of the market, showing the confidence of institutions in its long-term prospects.
šø Bitcoin followed closely with an inflow of $407 million
Bitcoin inflows remain robust, accounting for 7.1% of global ETPs, showing a firm trust in the Bitcoin market.
š¹ XRP & Solana also attracting funds
XRP and Solana attracted $21 million and $11 million in inflows respectively, showing the market's interest and potential in these chains. Blockchain stocks also received $33 million in attention, and the total inflow this year has reached $194 million.
š¬ What do you think? Is now an opportunity to buy on the dip? Let me know in the comments! š
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