Uniswap

Bitcoin ETF

Polygon

Avalanche

ETP inflows continued last week, reaching $176 million, a much larger share of the cryptocurrency’s total volume. 
According to the <a href="https://blog.coinshares.com/volume-158-digital-asset-fund-flows-weekly-report-5e3b8d0ab63b" target="_blank" rel="noopener">CoinShares report</a>, the positive dynamics of capital inflows have continued for eight weeks in a row. Meanwhile, ETP’s share of total cryptocurrency volumes is growing, averaging 11% compared to the long-term historical average of 3.4% and well above the 2020-2021 bull market averages. 
However, inflows still lag significantly behind 2021 and 2020 figures of $10.7 billion and $6.6 billion, respectively. 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="919" src="https://crypto.news/app/uploads/2023/11/Screenshot-2023-11-20-at-15.31.37-1024x919.png" alt="Digital asset investment inflows totaled $176m last week - 21" class="wp-image-14217700">
 <figcaption class="wp-element-caption">
 Weekly crypto asset flows | Source: <a href="https://blog.coinshares.com/volume-158-digital-asset-fund-flows-weekly-report-5e3b8d0ab63b" target="_blank" rel="noopener">CoinShares</a>
 </figcaption>
</figure> 
Trading volumes grew to an average of $3 billion per week, double this year’s average of $1.5 billion. 
 You might also like: <a href="https://crypto.news/altcoin-market-on-brink-of-parabolic-growth-analyst-predicts/"> Altcoin market on brink of parabolic growth, analyst predicts </a> 
Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) remains dominant, with inflows of $155 million over the past week. Moreover, over the past eight weeks, the inflow amounted to 3.4% of the total assets under management. 
<blockquote class="wp-block-quote"> 
 “We believe this continued positive sentiment is related to the imminent approval of a spot-based Bitcoin ETF in the US.” <cite>CoinShares report</cite>
</blockquote> 
The inflows came from a wide range of altcoins, with the most notable being Solana (<a href="https://crypto.news/price/solana/">SOL</a>), Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>), and Avalanche (<a href="https://crypto.news/price/avalanche/">AVAX</a>), which received $13.6 million, $3.3 million, and $1.8 million, respectively. Uniswap (<a href="https://crypto.news/price/uniswap/">UNI</a>) and Polygon (<a href="https://crypto.news/price/polygon/">MATIC</a>) noted minor outflows of $0.55 million and $0.86 million respectively. 
Prior to this, in the period from Nov. 6 to Nov. 10, the inflow of funds into cryptocurrency-based exchange products <a href="https://crypto.news/crypto-investment-products-see-surge-amid-etf-proposals/">reached</a> $293 million. Since the beginning of 2023, the volume of infusions has exceeded $1.14 billion. This makes the current influx the third largest in the history of monitoring by CoinShares analysts of the movement of funds on the specified products. 
 You might also like: <a href="https://crypto.news/coinshares-eyes-acquisition-of-valkyrie-funds-to-expand-into-u-s-crypto-etf-market/"> CoinShares eyes acquisition of Valkyrie Funds to expand into U.S. crypto ETF market </a>

Digital asset investment inflows totaled $176m last week

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