Crypto Inflows Surge to $785 Million Amid Ethereum Pectra Upgrade Boost 📈
Crypto inflows reached $785 million last week, marking a recovery and pushing the year-to-date total to $7.5 billion. This uptick highlights a significant shift from earlier outflows between February and March.
Ethereum played a pivotal role in these inflows, mainly due to its Pectra upgrade and changes in leadership, particularly the appointment of Tomasz Stańczak as co-executive director, which enhanced investor confidence.
The CoinShares report also noted the U.S. leading this surge, accounting for $681 million in inflows, overshadowing Germany and Hong Kong's contributions.
However, Bitcoin saw a slight decline, with $557 million in inflows, attributed to ongoing hawkish signals from the US Federal Reserve.
Solana, conversely, encountered outflows of $0.89 million, aligning with a significant decrease in its total value locked (TVL).
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