Ethereum

Bitcoin ETF

Bitcoin

Read

<p class="is-style-lead">CoinShares reports a $293 million surge in crypto investments, hitting $1.14 billion. The rise is attributed to the potential listing of a spot-based <a href="https://crypto.news/tag/bitcoin-etf/" data-type="link" data-id="https://crypto.news/tag/bitcoin-etf/">Bitcoin ETF</a>.</p> 
<p>Looking at the last two weeks, the European crypto asset manager suggests this is a real turnaround in sentiment, which may result from the recent spot-based ETF listing request.</p> 
<p>The CoinShares report, dated Nov. 13, highlights that digital asset investment products saw inflows of $293 million, extending the consecutive run to seven weeks and surpassing the $1 billion milestone. The total amount now stands at $1.14 billion, marking the third-highest annual inflow on record.&nbsp;</p> 
<p> You might also like: <a href="https://crypto.news/coinshares-reports-total-inflows-in-2023-have-now-surpassed-2022/"> CoinShares reports total inflows in 2023 have now surpassed 2022 </a> </p> 
<p>Moreover, this influx of funds, coupled with price appreciation, has led to a 9.6% increase in total assets under management (AuM) over the past week and a 99% surge since the beginning of the year. As a result, the total AuM has reached $44.3 billion, marking the highest point since the $300 billion cryptocurrency crash that occurred in May 2022.</p> 
<p>At the same time, Blockchain equity ETFs also saw inflows of $14 million, marking the largest numbers since July 2022.</p> 
<h2 class="wp-block-heading" id="blackrock-s-ethereum-trust">Blackrock’s Ethereum trust</h2> 
<p>The renewed interest in the market is said to be the product of BlackRock’s registration of an iShares Ethereum (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/">ETH</a>) Trust in Delaware on Nov. 9.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="Bitcoin and Ethereum see gains after BlackRock files for Ethereum-based ETF" width="1020" height="574" src="https://www.youtube.com/embed/B3V7M_fDdqo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
 </div>
</figure> 
<p>However, the release of this new spot Ethereum ETF is still said to be contingent upon the potential approval of its spot Bitcoin ETF proposal.</p> 
<p> Read more: <a href="https://crypto.news/coinshares-reports-largest-inflows-in-since-july-2022/"> Coinshares reports largest inflows in since July 2022 </a> </p>

Crypto investment products see surge amid ETF proposals

Table of Contents

crypto.news

Other articles published on Nov 13, 2023

Indian Supreme Court Declines Cryptocurrency Petition, Emphasizing Legislative Realm

Hong Kong Offers Investment Immigration Opportunity With Bitcoin

Crypto: India Dominates the Global Adoption Ranking

Beware, Hackers Are Using The Ethereum CREATE2 Opcode For Fraud

SIM-swap reportedly outs crypto influencer as scammer

Sentimen Bullish Pasar Kripto Kian Pekat, Apakah PEPE Akan Terlibat?

Join our free newsletter for daily crypto updates!