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 Crypto investment products recorded their biggest weekly inflows since July 2022 as market sentiment rose on the prospect of spot Bitcoin ETF (exchange-traded fund) approvals.
 Digital asset investment products saw inflows of US$326 million last week, said CoinShares in a report. 
 <h2 id="span-style-font-weight-400-breakdown-of-crypto-inflows-span">Breakdown of Crypto Inflows</h2>
 The largest inflows were from Canada, Germany, and Switzerland, with their totals of $134 million, $82 million and $50 million, respectively, it said
 The US accounted for only 12%, or $38 million, of the inflows, with Asia having an inflow of $28 million, it added.
 <img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E" alt="CoinShares lost $21M from UST collapse - CoinCu News" data-lazy-src="https://cdn.thebittimes.com/images/2023/10/31/fafc828f14b2d65698903c67f0105dc5.webp">
 <noscript><img decoding="async" src="https://cdn.thebittimes.com/images/2023/10/31/fafc828f14b2d65698903c67f0105dc5.webp" alt="CoinShares lost $21M from UST collapse - CoinCu News">
 </noscript>
 <h2 id="span-style-font-weight-400-altcoins-ride-the-spot-bitcoin-etf-wave-span">Altcoins Ride The Spot Bitcoin ETF Wave</h2>
 Bitcoin received the majority of the inflows as investors poured $296 million into BTC. Short-Bitcoin investment products also recorded inflows of $15 million following the cryptocurrency’s 68% increase over the past year.
 But alt coins also received a significant volume of inflows, with Solana (SOL) leading the charge.&nbsp; The Layer-2 project amassed $24 million in inflows, with this trend carrying over to many other smaller-capped cryptocurrencies. Ethereum (ETH), on the other hand, recorded another $6 million in outflows during the same period.
 There may be more upside ahead with many investors still opting to sit on the sidelines, the report said.&nbsp; Last week’s weekly inflow was ranked the 21st largest on record, suggesting continued restraint among investors, CoinShares said.&nbsp;
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 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-weekly-inflows-at-highest-since-july-2022-as-spot-bitcoin-etf-frenzy-boosts-sentiment-tbt68530.html">https://thebittimes.com/crypto-weekly-inflows-at-highest-since-july-2022-as-spot-bitcoin-etf-frenzy-boosts-sentiment-tbt68530.html</a>
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Crypto Weekly Inflows At Highest Since July 2022 As Spot Bitcoin ETF Frenzy Boosts Sentiment

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