In a stunning turn of events, the cryptocurrency market has witnessed a surge in crypto stocks following a massive influx of $1.8 billion into Bitcoin and Ethereum markets. Meanwhile, the pre-market session on March 4 saw stocks like Coinbase (COIN), MicroStrategy (MSTR), BlackRock iShares Bitcoin Trust (IBIT), and Robinhood (HOOD), among others, rallying significantly, riding on the wave of positive sentiment generated by the latest report from CoinShares.
Bitcoin & Ethereum ETFs Notes $1.84 Bln Weekly Inflow
CoinShares’ report highlighted an extraordinary influx of $1.84 billion into digital asset investment products, marking the second-largest weekly inflows on record. Notably, this surge was accompanied by record-breaking trading volumes, surpassing $30 billion for the week.
Meanwhile, Bitcoin dominated the inflows, accounting for 94% of the total at $1.73 billion. In addition, Ethereum also saw a significant uptick, with inflows totaling $85 million, the highest since mid-Ju
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