XRP Demand Grows as Bitcoin, Ethereum Drive Billions to Crypto ETFs – BitRss

A months-long torrent of cash continued apace last week, as digital asset investment products—including spot Bitcoin and Ethereum ETFs—saw $3.2 billion worth of inflows.

Lifting year-to-date inflows to $44.5 billion, the figure clocked in at quadruple that of any year on record, according to data from CoinShares. In a Monday blog post, CoinShares Head of Research James Butterfill described the figure “astonishing”—with two weeks left to go in 2024.

Representing the 10th straight week that digital asset investment products have seen positive flows, the latest deluge follows a record-setting burst of $3.85 billion a week before. This year, investors have stuffed $38.5 billion into Bitcoin products, accounting for 87% of all inflows, alongside the launch of spot Bitcoin ETFs and Donald Trump’s …