Cointime

Cointime

Download App
iOS & Android

Ethereum funds see record net inflows of $2.2B in 2024

Cointime Official

From cointelegraph by Alex O'Donnell

Ether ETH$3,577.08 investment funds have seen record net inflows of $2.2 billion in 2024, finally surpassing the cryptocurrency’s 2021 net inflow record of roughly $2 billion, according to CoinShares.

The record inflows reflect “a dramatic turnaround in sentiment” for ETH, according to CoinShares’ Dec. 2 weekly digital asset fund flows report.

Overall, cryptocurrency investment products saw net inflows totaling $270 million during the week starting Nov. 26, taking total inflows for the year to a new record of more than $37 billion, according to the data.

  Source: CoinShares

Early signs of altseason?

During the week of Nov. 26, investor interest seemed to swing from Bitcoin BTC$95,725 to ETH, based on CoinShares’s data.

Bitcoin saw outflows of $457 million — the cryptocurrency’s first significant outflows since September — while ETH saw inflows of $634 million during the same period, according to the report.

Hartmann Capital founder Felix Hartmann believes the pivot from BTC to ETH is a signal that Wall Street is “officially joining the fun” on the “alt rotation.”

“ETH ETF flows have flipped BTC ETF flows for the first time,” crypto commentator Ethereum Vibin said in an X post.

On Nov. 29, Cointelegraph reported that Ether exchange-traded funds (ETFs) saw more money from investors than their Bitcoin counterparts since Nov. 22 after Ethereum’s decentralized finance (DeFi) ecosystem scored a key victory in a United States court.

  Source: X

Related: Ripple’s XRP surges to 2024 high amid Trump win, stablecoin optimism

XRP’s rebound

Notably, XRP XRP$2.45 saw inflows of nearly $100 million, the largest ever, which CoinShares says is “due to hype surrounding the potential for a [exchange-traded fund].”

On Dec. 1, XRP surpassed Solana SOL$223.08 in market capitalization and has since flipped Tether’s USDt USDT$1.00 to become the third-largest crypto asset by market cap.

The native asset used by blockchain payments firm Ripple has surged to a new 2024 high as investors anticipate pro-crypto developments in the US under President-elect Donald Trump.

Investors are also early awaiting progress on Ripple’s dollar-pegged, overcollateralized stablecoin project, RLUSD.

Comments

All Comments

Recommended for you

  • Amazon Shares Surge 15.2%, Biggest Gain Since 2012

    On July 31, Amazon shares surged 15.2% to $271.255 per share, marking their biggest gain since 2012, with a total market value of $2.92 trillion.

  • US Treasury Secretary Bessent Vows to Track Down Iranian Assets Globally for Terror Victims

    US Treasury Secretary Bessent said the US will actively track down Iranian assets worldwide to ensure compensation funds for victims of Iran-backed terrorist activities. Bessent stated that the US government's military and economic blockade measures against the Iranian regime will continue and will not be relaxed. (Jinshi)

  • Apple Plunges Nearly 10%, Q4 Revenue Guidance Misses Expectations

    On July 31, Apple (AAPL.US) plunged nearly 10% to $300.33, marking its biggest drop since April 2025. In terms of fundamentals, Apple's third-fiscal-quarter revenue rose approximately 16% year-over-year to $109.42 billion, slightly above analyst expectations. Among the details, product revenue came in at $78.68 billion, beating the expected $77.25 billion. However, services revenue—a key driver of its valuation re-rating in recent years—totaled $30.74 billion, missing the consensus estimate of $31.36 billion. Additionally, Greater China revenue reached $18.82 billion, with year-over-year growth slowing to 22%, also below analysts' forecast of $19.58 billion. During the earnings call, Apple guided fourth-fiscal-quarter revenue growth in the range of 9% to 11%, overall below the 12.1% analysts had expected. CFO Parekh noted that component supply constraints would impact iPhone, Mac, and iPad businesses in the fourth fiscal quarter, with currency fluctuations also constraining growth.

  • Three Fed Officials Back Rate Hike, Hawkish Pressure Builds

    On July 31, three Federal Reserve policymakers said that dissenting votes in favor of a rate hike this week stemmed from stubborn inflationary pressures, highlighting rising internal pressure on Fed Chair Warsh to act. In statements released Friday morning, Hammack and Kashkari said they worry that although the current round of price increases may stem from short-term factors such as President Trump's tariff policies and the Iran war, the inflation situation already warrants Fed action. Logan also joined in, saying that even if inflation cools, if the Fed does not raise rates, inflation is unlikely to fully fall back to the Fed's 2% target; without any policy constraints, inflation could continue to run above target until an unexpected shock occurs. Kashkari said that if inflation remains persistently stubborn, he might support a series of rate hikes, not just a single increase, to prevent inflation from becoming further entrenched. He said: "A series of small policy adjustments may be preferable to waiting for developments to unfold and ultimately having to take more forceful action." Hammack said that if the Fed does not tighten policy, price increases could continue to accelerate. She said: "Inflation has been stubbornly above 2% for more than five years, and I have no confidence that it will return to our target on its own." (Jin Shi)

  • US 10-Year Treasury Yield Rises to 4.7388%, Highest Since January 2025

    On July 31, the US 10-year Treasury yield rose to 4.7388%, the highest level since January 2025.

  • Spot Gold Intraday Decline Widens to 2%, at $4,021.08 per Ounce

    On July 31, spot gold's intraday decline widened to 2%, reported at $4,021.08 per ounce.

  • BTC Falls Below $63,000

    Market数据显示，BTC has fallen below $63,000, currently reported at $62,985.99, with a 24-hour decline of 2.99%. Market volatility is significant, please exercise risk control.

  • Fed's Logan: Leaning Toward 25 Basis Point Rate Hike

    On July 31, Federal Reserve Governor Logan said she leans toward a 25 basis point rate hike, believing inflation has not yet entered a sustainable path back to the Fed's 2% target. Logan stated that taking moderate action now would reduce the risk of needing more aggressive tightening in the future, while emphasizing that the Fed cannot rely on unexpected shocks to achieve its inflation target.

  • Fed's Logan: Taking Modest Actions Now Reduces Likelihood of Needing Stronger Action Later

    On July 31, Dallas Fed President Lorie Logan said that taking modest actions in the near term would reduce the likelihood of needing to take stronger action in the future.

  • Philadelphia Semiconductor Index Erases 5% Gain, Turns Lower

    On July 31, U.S. chip and semiconductor stocks rapidly weakened, with the Philadelphia Semiconductor Index wiping out a 5% gain and turning lower. Micron Technology, which had risen 6%, is now down 4.2%. SanDisk, which had gained nearly 10%, is now down over 6%. SK Hynix and Seagate Technology, which had risen over 8%, are now down 2%. TSMC, which had gained 4%, is now down nearly 1%.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company