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Crypto Investment Products See Four Weeks of Inflows as Market Awaits Possible Approval of Bitcoin ETF

Crypto Investment Products See Four Weeks of Inflows as Market Awaits Possible Approval of Bitcoin ETF

CointimeCointime2023/10/24 02:03
By:Cointime

Investment products in the cryptocurrency market have seen four weeks of inflows, with $179 million added in the week ending October 20th, according to CoinShares' fund flows report. Bitcoin investment products received the majority of inflows, bringing year-to-date inflows to $315 million. However, the recent inflows are still lower than those seen earlier this year when BlackRock first filed for a spot Bitcoin ETF. Solana products also saw significant inflows, while Ether products experienced outflows. Interest in a spot Bitcoin ETF surged following positive signs of approval and a Bitcoin rally.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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