Ethereum

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<div class="insidebitcoins">
 Crypto investment products recorded in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> for a fourth consecutive week with Bitcoin leading the way amid heightened optimism over the approval of spot Bitcoin exchange-traded funds (ETFs).
 In<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> last week reached $66 million as assets under management rose 15% from their early September lows to reach $33 billion, the highest since mid-August, said CoinShares’ Digital Asset Fund Flows Weekly Report released on Oct. 23.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 It seems that the anticipation of a spot #Bitcoin ETF has prompted further inflows for the 4th consecutive week. Here is our analysis with @Jbutterfill.
 🟢 Week 43 inflows: US$66m
 🔎 Inflows are relatively low in comparison to June’s @BlackRock announcements, suggesting more… pic.twitter.com/6AkDGQJVOh
 — CoinShares (@CoinSharesCo) October 23, 2023
 </blockquote>
 
 The in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> were still lower than in June, when BlackRock announced its spot Bitcoin ETF application, indicating a more cautious approach from investors this time around, CoinShares said.
 <img decoding="async" class="alignnone size-full wp-image-451075" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201269%201068'%3E%3C/svg%3E" alt="Flows by Asset" width="1269" height="1068" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/10/25/c47b5bab4405c06644f0e74dc0ea5174.webp 1269w, https://cdn.thebittimes.com/images/2023/10/25/c47b5bab4405c06644f0e74dc0ea5174.webp 300w, https://cdn.thebittimes.com/images/2023/10/25/c47b5bab4405c06644f0e74dc0ea5174.webp 1024w, https://cdn.thebittimes.com/images/2023/10/25/c47b5bab4405c06644f0e74dc0ea5174.webp 768w" data-lazy-sizes="(max-width: 1269px) 100vw, 1269px" data-lazy-src="https://cdn.thebittimes.com/images/2023/10/25/c47b5bab4405c06644f0e74dc0ea5174.webp">
 <noscript><img decoding="async" class="alignnone size-full wp-image-451075" src="https://cdn.thebittimes.com/images/2023/10/25/c47b5bab4405c06644f0e74dc0ea5174.webp" alt="Flows by Asset" width="1269" height="1068" srcset="https://cdn.thebittimes.com/images/2023/10/25/c47b5bab4405c06644f0e74dc0ea5174.webp 1269w, https://cdn.thebittimes.com/images/2023/10/25/c47b5bab4405c06644f0e74dc0ea5174.webp 300w, https://cdn.thebittimes.com/images/2023/10/25/c47b5bab4405c06644f0e74dc0ea5174.webp 1024w, https://cdn.thebittimes.com/images/2023/10/25/c47b5bab4405c06644f0e74dc0ea5174.webp 768w" sizes="(max-width: 1269px) 100vw, 1269px">
 </noscript>
 Source: CoinShares
 <h3 id="bitcoin-accounted-for-84-of-inflows">Bitcoin Accounted For 84% Of Inflows</h3>
 Bitcoin dominated in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> with $55.3 million, or 84% of the total, pushing year-to-date Bitcoin product in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> to $315 million.&nbsp;
 While the beginning of last week saw short-Bitcoin in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> at $23m, positions were pared back substantially, with net in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> by the end of the week at just $1.7m, suggesting short sellers are losing confidence, it said.
 Solana (SOL)&nbsp;sucked in $15.5 million but Ethereum saw outflows of $7.4 million, the only altcoin to suffer outflows last week, CoinShares said.
 Solana’s inflows brought its year-to-date total to $47 million, making it the most popular altcoin, said head of research James Butterfill.&nbsp;
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 BREAKING: 🇺🇸 US Court of Appeals orders SEC to review Grayscale's spot #Bitcoin ETF application. pic.twitter.com/RiyHU8Mpcp
 — Bitcoin Archive (@BTC_Archive) October 23, 2023
 </blockquote>
 
 <h3 id="related-news">Related News</h3>
 <ul class="ul1">
 <li class="li1">Lawyer Jeremy Hogan Says SEC Case Against Ripple, XRP Is Effectively ”Over”</li>
 <li class="li2">Binance UK Chief Joins Executive Exodus From Beleaguered Crypto Exchange</li>
 <li class="li1">Cathie Wood’s Ark Invest Offloads $5.8 Million Coinbase And GBTC Shares Even As Bitcoin Soars</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-products-see-inflows-for-fourth-week-as-bitcoin-dominates-ethereum-struggles-tbt67616.html">https://thebittimes.com/crypto-products-see-inflows-for-fourth-week-as-bitcoin-dominates-ethereum-struggles-tbt67616.html</a>
</div>

Crypto Products See Inflows For Fourth Week As Bitcoin Dominates, Ethereum Struggles

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