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You are at:Home ยป Investors Demonstrate Growing Faith in Cryptocurrency Investments
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Investors Demonstrate Growing Faith in Cryptocurrency Investments

By adminMay. 28, 2024No Comments1 Min Read
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Investors Demonstrate Growing Faith in Cryptocurrency Investments
Investors Demonstrate Growing Faith in Cryptocurrency Investments
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Investors continued to pour money into crypto asset investment products, resulting in a notable surge of $1.05 billion in inflows for the third consecutive week. This surge pushed the total inflows for the year to an all-time high of $14.9 billion, showcasing the increasing interest and confidence in crypto assets. The recent upward trend in cryptocurrency prices further fueled this surge, propelling the total value of crypto-focused Exchange-Traded Products (ETPs) to a staggering $98.5 billion. Furthermore, the trading volumes of ETPs experienced a significant boost of 28% to reach $13.6 billion on a weekly basis, indicating a heightened level of market activity.

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