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Crypto investment products see highest inflow since October 2021

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Last week, the inflow of investment products into digital assets reached $176 million, the most significant number since October 2021. This marked the 10th consecutive week of inflows totaling $1.76 billion, or 4% of assets under management (AuM), according to a CoinShares report. The inflow of assets into crypto funds was the largest since October 2021, when a crypto futures ETF was launched in the United States. Crypto assets inflow | Source: CoinShares Additionally, total AuM is up 107% this year, but at $46.2 billion, it remains well below the all-time high of $86.6 billion seen in 2021, according to analysts. ETP trading volumes remain high at $2.6 billion weekly, representing 12% of total Bitcoin (BTC) volume. Bitcoin was the main beneficiary, receiving inflow s of $133 million, although short Bitcoin, after three weeks of outflows, saw inflow s of $3.6 million last week. You might also like: ‘Rich Dad Poor Dad’ author reiterates Bitcoin investment Ethere...

Inflows into crypto investment products hit 9-week high of $346M

Crypto investment products hit 9-week high of inflows. Total inflows for week up to November 24 was $346 million, with $312 million in Bitcoin-related ETP products. Ethereum saw $34 million of inflows amid a turnaround in sentiment. Crypto investment products recorded $346 million in inflows for the week ending November 24, according to a weekly report by digital assets management firm CoinShares. The report highlights last week’s inflows into crypto exchange-traded products as the “highest total observed in the past 9 weeks of inflows,” CoinShares head of research James Butterfill noted.  According to the Analysis , crypto products are on a run of inflows that’s now the biggest since the last bull market. Positive net inflows are likely to continue given the sentiment around the potential approval of a spot-based ETF in the US. Bitcoin ETPs record $312 million in inflows As total crypto ETPs inflows hit $346 million, the...