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<div class="insidebitcoins">
 Crypto funds recorded a third consecutive week of net in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> with Bitcoin dominant amid rising investor sentiment toward the sector, CoinShares said.
 Bitcoin was the standout performer, sucking in $16 million during the last week,&nbsp; elevating its year-to-date in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> to $260 million, CoinShares said.
 It noted that the data was unlikely to have captured upbeat news on Friday that the Securities and Exchange Commission had not appealed a court verdict that favoured Grayscale Investments’ attempt to launch a spot Bitcoin exchange-traded fund (ETF).
 <img decoding="async" class=" wp-image-448569" style="font-weight: bold;background-color: var(--bs-body-bg);color: var(--bs-body-color);font-family: var(--bs-body-font-family);font-size: var(--bs-body-font-size);text-align: var(--bs-body-text-align)" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201151%20829'%3E%3C/svg%3E" alt="Net Flows By Asset " width="1151" height="829" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/10/18/838a2ca6c6dbcf9a51f4b1e74f5d0803.webp 300w, https://cdn.thebittimes.com/images/2023/10/18/838a2ca6c6dbcf9a51f4b1e74f5d0803.webp 681w" data-lazy-sizes="(max-width: 1151px) 100vw, 1151px" data-lazy-src="https://cdn.thebittimes.com/images/2023/10/18/838a2ca6c6dbcf9a51f4b1e74f5d0803.webp">
 <noscript><img decoding="async" class=" wp-image-448569" style="font-weight: bold;background-color: var(--bs-body-bg);color: var(--bs-body-color);font-family: var(--bs-body-font-family);font-size: var(--bs-body-font-size);text-align: var(--bs-body-text-align)" src="https://cdn.thebittimes.com/images/2023/10/18/838a2ca6c6dbcf9a51f4b1e74f5d0803.webp" alt="Net Flows By Asset " width="1151" height="829" srcset="https://cdn.thebittimes.com/images/2023/10/18/838a2ca6c6dbcf9a51f4b1e74f5d0803.webp 300w, https://cdn.thebittimes.com/images/2023/10/18/838a2ca6c6dbcf9a51f4b1e74f5d0803.webp 681w" sizes="(max-width: 1151px) 100vw, 1151px">
 </noscript>
 Net Flows By Asset (Source: CoinShares)
 <h2 class="p3" id="span-class-s1-ethereum-s-dilemma-span">Ethereum’s Dilemma</h2>
 Solana investment products added $3.7 million to the $24 million registered in the prior week. On the flip side, Ethereum, has struggled to attract investor interest despite the launch of futures-based ETFs. 
 Ethereum funds experienced outflows amounting to $7.4 million, erasing most of the $10 million in inflows witnessed following the launch of six Ether futures ETFs the previous week, CoinShares said.
 “This perhaps reflects ongoing protocol design concerns,” said head of research James Butterfill.
 <h3 id="altcoins-struggle">Altcoins Struggle</h3>
 The past week has been challenging for altcoins, which recorded a combined outflow of $0.84 million. Tezos, Litecoin, and Chainlink witnessed outflows of $0.25 million, $0.28 million, and $0.31 million, respectively. 
 XRP managed to shine amid the turmoil with modest in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> of $0.42 million.
 “This marks the 25th consecutive week of inflows into XRP this year,” Butterfill said. “The consistent inflows underscore the investment community’s support, especially considering successful legal challenges against the SEC.”
 <h2 class="p3" id="span-class-s1-regional-divide-persists-span">Regional Divide Persists</h2>
 <figure id="attachment_448570" aria-describedby="caption-attachment-448570" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class=" wp-image-448570" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201138%20706'%3E%3C/svg%3E" alt="Net Flows By Country " width="1138" height="706" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/10/18/84df752d76d0df0c020730475bea2116.webp 300w, https://cdn.thebittimes.com/images/2023/10/18/84df752d76d0df0c020730475bea2116.webp 310w, https://cdn.thebittimes.com/images/2023/10/18/84df752d76d0df0c020730475bea2116.webp 687w" data-lazy-sizes="(max-width: 1138px) 100vw, 1138px" data-lazy-src="https://cdn.thebittimes.com/images/2023/10/18/84df752d76d0df0c020730475bea2116.webp">
 <noscript><img decoding="async" class=" wp-image-448570" src="https://cdn.thebittimes.com/images/2023/10/18/84df752d76d0df0c020730475bea2116.webp" alt="Net Flows By Country " width="1138" height="706" srcset="https://cdn.thebittimes.com/images/2023/10/18/84df752d76d0df0c020730475bea2116.webp 300w, https://cdn.thebittimes.com/images/2023/10/18/84df752d76d0df0c020730475bea2116.webp 310w, https://cdn.thebittimes.com/images/2023/10/18/84df752d76d0df0c020730475bea2116.webp 687w" sizes="(max-width: 1138px) 100vw, 1138px">
 </noscript>
 <figcaption id="caption-attachment-448570" class="wp-caption-text">
 Net Flows By Country (Source: CoinShares)
 </figcaption>
 </figure>
 <h3 id="europe-the-standout-performer">Europe The Standout Performer</h3>
 A closer look at these in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> reveals an interesting regional divide. While the United States experiences continued minimal in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> into digital asset investment products, Europe is a standout performer. 
 Last week, European markets welcomed a net inflow of $7 million, with Sweden the only country reporting outflows. Germany led the way, adding $16.1 million to the week’s net inflows.
 Canada registered $3.5 million of inflows and the US $2.1 million.
 Despite consecutive net weekly in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a>, trading volumes remain 27% below the 2023 average, highlighting the cautious approach of investors in a volatile market, CoinShares said.&nbsp;
 <h3 class="p2" id="span-class-s1-b-related-articles-b-span">Related Articles</h3>
 <ul class="ul1">
 <li class="li7">Next Cryptocurrency to Explode Sunday 1 October </li>
 <li class="li7">Solana Price Prediction: Could SOL Reach $500 in 2023? Top Analysts Weigh In </li>
 <li class="li7">Ethereum Price Prediction: ETH/USD May Continue to Struggle on Approach to $650 </li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-funds-record-inflows-for-third-consecutive-week-as-bitcoin-dominates-tbt66758.html">https://thebittimes.com/crypto-funds-record-inflows-for-third-consecutive-week-as-bitcoin-dominates-tbt66758.html</a>
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Crypto Funds Record Inflows For Third Consecutive Week As Bitcoin Dominates

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