Ethereum

Bitcoin

James

Time

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>CoinShares’ James Butterfill reveals that crypto products saw inflows of $1.05 billion last week.</li> 
 <li>Bitcoin trades above $68,000 following a recent price dip.</li> 
</ul> 
<p>CoinShares’ head of research,&nbsp;<a href="https://x.com/jbutterfill" target="_blank" rel="nofollow noopener">James Butterfill</a>, revealed in a new<a href="https://blog.coinshares.com/volume-184-digital-asset-fund-flows-weekly-report-1e6d324b3192" rel="nofollow noopener" target="_blank"> blog post</a> that digital asset investment products saw inflows for the third week in a row, of $1.05 billion.</p> 
<p><a href="https://blog.coinshares.com/volume-184-digital-asset-fund-flows-weekly-report-1e6d324b3192" rel="nofollow noopener" target="_blank"><img decoding="async" class="alignnone" src="https://miro.medium.com/v2/resize:fit:875/1*A4h37o-z9xvDmUzmzvcvXg.png" alt="1*A4h37o" width="875" height="880" title="Digital Asset Investment Products Saw $1.05B Inflows Last Week 6"></a></p> 
<p>According to the blog post, the cumulative flows represent an all-time record of $14.9 billion for the year so far. Most of the inflows were in Bitcoin ETFs which saw $1.01 inflows during the past week.</p> 
<p>Ethereum saw inflows of $36 million during the past week, which was the highest number since March, and an obvious reaction to the approval of the <a href="https://crypto.ro/en/news/ethereum-etfs-approval-is-good-news-for-bitcoin-michael-saylor-says/">Ethereum ETF</a> listing in the US.</p> 
<h2 id="crypto-investment-products-inflows-detailed">Crypto investment products inflows detailed</h2> 
<p>The weekly ETP trading volumes have risen by 28% to $13.6 billion, according to CoinShares.</p> 
<p>Regionally, the flows were focused mainly on the US which saw $1.03 billion of inflows. Grayscale saw outflows subside to $15 million for the past week.</p> 
<p>Germany and Switzerland saw inflows of $48 million and $30 million, respectively. Since the positive launch of BTC ETFs in Hong Kong, there have been more outflows during the past week of $29 million.</p> 
<p>Most of the inflows were in Bitcoin ETPs which saw $1.01 billion last week, and short Bitcoin suffered another week of outflows totaling $4.3 million. This suggests that the sentiment is turning positive despite the recent price rises.</p> 
<h2 id="bitcoin-trades-above-68k">Bitcoin trades above $68k</h2> 
<p>At the moment of writing this article, BTC is trading above $68,000, following a di below the important mark.</p> 
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<p>Despite the price drop for Bitcoin, according to QCP Capital trading firm, the price move does not challenge the larger upward trend of BTC’s price.</p> 
<p>They <a href="https://crypto.ro/en/news/why-bitcoin-might-surge-post-68k-dip-an-analytical-perspective-on-3-bullish-indicators/">reassured investors</a> that there is no need to worry about the price moves triggered by the movement of coins from wallets associated with the now-defunct exchange Mt. Gox. The price volatility experienced by BTC today does not trigger a reevaluation of the market’s course.</p> 
<p>The firm explains that such “supply anxiety” episodes are likely to be mere “blips” in a broader upward trend that will continue until the end of the year.</p> 
<p>Earlier today, BTC’s price fell below $68,000 as wallets labeled as belonging to Mt. Gox <a href="https://crypto.ro/en/news/bitcoin-near-68k-following-mt-goxs-recent-btc-transfers-worth-over-7-3b/">moved BTC</a> worth over $9 billion to an unknown address.</p>

Digital Asset Investment Products Saw $1.05B Inflows Last Week

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