According to an Oct. 30 report from Coinshares, the leading European alternative asset manager, digital asset investment products saw inflows of US $326 million.
According to an Oct. 30 report from Coinshares, the leading European alternative asset manager, digital asset investment products saw inflows of US $326 million.
Bitcoin made up 90 percent of these inflows at $296 million.
Ongoing investor caution
Despite this being the largest inflow since July, the asset manager highlights it is actually only the 21st largest on record, indicating some investor caution, though the possibility of a spot-based ETF in the near future could mark a significant regulatory shift for the industry.
Breaking it down by region, 12 percent of the flows, or $38 million, came from the US, while the largest inflows came from Canada, Germany and Switzerland at $134 million, $82 million and $50 million, respectively.
While many altcoins saw inflows in response to Bitcoin optimism, it is worth noting that Ethereum saw the opposite response, instead reporting $6 million in outflows.
A wave of revised applications
At the time of writing, market participants remain hopefully for a resolution, which is expected in the coming weeks.