Ethereum

Solana

Bitcoin

James

Crypto investment products have recorded their first inflows since mid-August, as $21 million flowed into these products in the past week. 
<a href="https://cryptoslate.com/companies/coinshares/" rel="noopener noreferrer nofollow">CoinShares</a> analyst James Butterfill said the inflows were a “reaction to a combination of positive price momentum, fears over US government debt prices and the recent quagmire over government funding.” 
However, he noted that trading “volumes remain seasonally low in both the investment product and broader crypto markets.” 
<h2 id="bitcoin-solana-dominate">Bitcoin, Solana dominate</h2> 
According to the latest CoinShares weekly <a href="https://blog.coinshares.com/volume-151-digital-asset-fund-flows-weekly-report-9be13b6861c3" rel="noopener noreferrer nofollow">report</a>, Bitcoin (<a href="https://cryptoslate.com/coins/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) and Solana’s (<a href="https://cryptoslate.com/coins/solana/" rel="noopener noreferrer nofollow">SOL</a>) investment products contributed significantly to the recorded inflow. Per Coinshares, BTC products saw the most inflows with $20 million, while SOL “continues to shine” with inflows amounting to $5 million. 
Solana products have enjoyed a largely positive year, recording 27 weeks of inflows and just four weeks of outflows. The asset has a positive year-to-date flow of $31 million, higher than that of XRP, Cardano, and others. 
<figure id="attachment_361824" aria-describedby="caption-attachment-361824" style="width: 100%" class="wp-caption aligncenter"> 
 <img class="size-full wp-image-361824" src="https://cryptoslate.com/wp-content/uploads/2023/10/Screenshot-2023-10-02-155734.jpg" alt="Crypto ETPs" width="706" height="562" srcset="https://cryptoslate.com/wp-content/uploads/2023/10/Screenshot-2023-10-02-155734.jpg 706w, https://cryptoslate.com/wp-content/uploads/2023/10/Screenshot-2023-10-02-155734-300x239.jpg 300w" sizes="(max-width: 706px) 100vw, 706px"> 
 <figcaption id="caption-attachment-361824" class="wp-caption-text">
 Digital Assets Investment Products. (Source: Coinshares) 
 </figcaption> 
</figure> 
Meanwhile, Ethereum (<a href="https://cryptoslate.com/coins/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) maintained its “least loved altcoin” coin tag by recording outflows totaling $1.5 million the previous week. This brings Ether product outflows to a seventh consecutive week and a negative year-to-date flow of $114 million. 
<h2 class="mceTemp" id="u-s-sentiment-remains-bearish">U.S. sentiment remains bearish</h2> 
U.S. investors have shown caution, withdrawing around $19 million from their investment products in the last week. These exits can be attributed to the continued <a href="https://cryptoslate.com/cftc-commissioner-proposes-sandbox-scheme-for-digital-assets-amidst-crackdown-on-defi-platforms/" rel="noopener noreferrer nofollow">regulatory uncertainty</a> surrounding crypto-related businesses within the region. 
<figure id="attachment_361828" aria-describedby="caption-attachment-361828" style="width: 100%" class="wp-caption aligncenter"> 
 <img class="size-full wp-image-361828" src="https://cryptoslate.com/wp-content/uploads/2023/10/Screenshot-2023-10-02-161110.jpg" alt="Crypto ETPS" width="691" height="457" srcset="https://cryptoslate.com/wp-content/uploads/2023/10/Screenshot-2023-10-02-161110.jpg 691w, https://cryptoslate.com/wp-content/uploads/2023/10/Screenshot-2023-10-02-161110-300x198.jpg 300w" sizes="(max-width: 691px) 100vw, 691px"> 
 <figcaption id="caption-attachment-361828" class="wp-caption-text">
 Crypto Investment Products Flows by Countries (Source: Coinshares) 
 </figcaption> 
</figure> 
While the U.S. Securities and Exchange Commission (SEC) has <a href="https://cryptoslate.com/ethereum-futures-etf-could-launch-next-week-amid-looming-us-government-shutdown/" rel="noopener noreferrer nofollow">allowed</a> Ethereum futures exchange-traded funds (ETFs) to go live today, the financial regulator has <a href="https://cryptoslate.com/sec-postpones-decision-on-ark-21shares-proposed-spot-bitcoin-etf-until-january-2024/" rel="noopener noreferrer nofollow">continued to delay</a> decisions on spot Bitcoin ETFs. 
These unclear regulatory measures have resulted in a negative monthly flow of $86 million, while its year-to-date flow is a positive $266 million. 
Meanwhile, investors in Europe and Canada continue to pump funds into crypto investment products as these regions saw inflows of $23 million and $17 million, respectively, during the previous week. 
The post <a rel="noopener noreferrer nofollow" href="https://cryptoslate.com/bitcoin-solana-investment-products-lead-first-crypto-inflow-since-mid-august/">Bitcoin, Solana products lead first crypto investment inflow since mid-August</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptoslate.com">CryptoSlate</a>.

Bitcoin, Solana products lead first crypto investment inflow since mid-August

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