Solana

Uniswap

Bitcoin ETF

Polygon

Avalanche

<div class="cryptonews">
 <p class="is-style-lead">ETP inflows continued last week, reaching $176 million, a much larger share of the cryptocurrency’s total volume.</p>
 <p>According to the CoinShares report, 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.</p>
 <p>However, inflows still lag significantly behind 2021 and 2020 figures of $10.7 billion and $6.6 billion, respectively.</p>
 <figure class="wp-block-image size-large"><picture decoding="async" class="wp-image-14217700">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/11/20/08eb1c7812f8252ce35559fc721607be.webp.webp">
   <img decoding="async" width="1024" height="919" src="https://cdn.thebittimes.com/images/2023/11/20/08eb1c7812f8252ce35559fc721607be.webp" alt="Digital asset investment inflows totaled $176m last week - 1"> 
  </picture>
  <figcaption class="wp-element-caption">
   Weekly crypto asset flows | Source: CoinShares
  </figcaption>
 </figure>
 <p>Trading volumes grew to an average of $3 billion per week, double this year’s average of $1.5 billion.</p>
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 <p>Bitcoin (BTC) remains dominant, with <a rel="noopener noreferrer nofollow" title="inflow" href="https://thebittimes.com/tag/inflow.html">inflow</a>s of $155 million over the past week. Moreover, over the past eight weeks, the <a rel="noopener noreferrer nofollow" title="inflow" href="https://thebittimes.com/tag/inflow.html">inflow</a> amounted to 3.4% of the <a rel="noopener noreferrer nofollow" title="total" href="https://thebittimes.com/tag/total.html">total</a> <a rel="noopener noreferrer nofollow" title="asset" href="https://thebittimes.com/tag/asset.html">asset</a>s under management.</p>
 <blockquote class="wp-block-quote">
  <p>“We believe this continued positive sentiment is related to the imminent approval of a spot-based Bitcoin ETF in the US.”</p> <cite>CoinShares report</cite>
 </blockquote>
 <p>The <a rel="noopener noreferrer nofollow" title="inflow" href="https://thebittimes.com/tag/inflow.html">inflow</a>s came from a wide range of altcoins, with the most notable being Solana (SOL), Ethereum (ETH), and Avalanche (AVAX), which received $13.6 million, $3.3 million, and $1.8 million, respectively. Uniswap (UNI) and Polygon (MATIC) noted minor out<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> of $0.55 million and $0.86 million respectively.</p>
 <p>Prior to this, in the period from Nov. 6 to Nov. 10, the inflow of funds into cryptocurrency-based exchange products reached $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.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/digital-asset-investment-inflows-totaled-176m-last-week-tbt70936.html">https://thebittimes.com/digital-asset-investment-inflows-totaled-176m-last-week-tbt70936.html</a></p>

Digital asset investment inflows totaled $176m last week

TheBitTimes

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