Analyst: Bitcoin leads crypto ETF capital inflows to $1.2 billion

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CryptoWorld News reports that last week, capital inflows into the crypto ETF sector reached $1.2 billion, with total inflows over the past four weeks amounting to $4.6 billion. Assets Under Management (AUM) increased to $155 billion, the highest level since February 1, but still below the October 2015 peak of $263 billion. The United States led with $1.1 billion in crypto ETF inflows, including $82.3B from spot Bitcoin ETFs. Germany saw inflows of $61.7M, Switzerland reversed $138 million in outflows to record $35.2 million in inflows, and Canada contributed $15 million. Bitcoin-related products attracted $93.3 million, with total inflows reaching $4 billion year-to-date. Short-term Bitcoin products saw inflows of $16.5 million, indicating stable hedging activity among investors. Ethereum products experienced inflows of $192 million, surpassing $19 million for three consecutive weeks. Analyst Ted Pillows noted that Bitcoin prices are in an upward channel but with weakening momentum, while Ethereum prices struggle to sustain above the $2,400 resistance level. The key support zone is between $2,200 and $2,250.

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