Solana

United

Polkadot

James

<ul>
 <li>Among altcoins, Solana (SOL) investment vehicles had the greatest net inflows of $24 million.&nbsp;</li>
 <li>The cryptocurrency-focused investment funds had net inflows of $326M last week.</li>
</ul>
Digital asset investment company <a href="https://thenewscrypto.com/coinshares-launches-hedge-fund-division-targeting-u-s-investors/" target="_blank" rel="noopener noreferrer nofollow">CoinShares</a> stated on Monday that cryptocurrency-focused investment funds had net inflows of $326M last week, the highest weekly inflow since July 2022. According to CoinShares, the primary motivation for the adjustment is the price increase brought on by rising expectations that the United States <a href="https://thenewscrypto.com/ripple-ceo-criticizes-former-u-s-sec-chairman/" target="_blank" rel="noopener noreferrer nofollow">SEC</a> would approve the first spot bitcoin ETF.
<a href="https://www.linkedin.com/posts/james-butterfill_coinshares-partners-with-scalable-capital-activity-6877256152426573824-6wej" target="_blank" rel="noopener noreferrer nofollow">James Butterfill</a>, CoinShares head of research stated:
<blockquote class="wp-block-quote">
 “We do believe a spot-based ETF is now highly likely in the coming months, and will represent a step-change for the industry from a regulatory perspective.”
</blockquote>
<h3 class="wp-block-heading" id="bitcoin-leads-the-way">Bitcoin Leads the Way</h3>
While last week’s inflows were substantial, they were still the 21st greatest weekly increase in the three years that CoinShares has been tracking this information, suggesting that investors may still be wary about committing huge sums of money.
Some investors may be hedging their gains or wagering that prices would soon reverse, since 90% of all inflows went to Bitcoin funds, $15 million of which went to short-bitcoin funds.
Among altcoins, <a href="https://solana.com/" target="_blank" rel="noopener noreferrer nofollow">Solana</a> (SOL) investment vehicles had the greatest net inflows of $24 million. Net outflows from ether (ETH)-holding funds reached $6 million last week, bringing the YTD total to $125 million.
The biggest cryptocurrency by market cap, Bitcoin (BTC), has been the catalyst for a market-wide positive trend since October 24. As BTC has maintained its bullish momentum, enthusiasm among Bitcoin supporters and investors has been palpable.
Nonetheless, Bitcoin’s value increase is being driven not only by retail investors but also by institutional investment vehicles. At the time of writing, BTC is trading at $34,240.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/polkadot-surges-as-staking-dashboard-adds-powerful-features/" target="_blank" rel="noopener noreferrer nofollow">Polkadot Surges As Staking Dashboard Adds Powerful Features</a>

Crypto Funds See Highest Weekly Inflows Since July 2022

目录

TheNewsCrypto

发布于 2023年10月30日的其他文章

Bankman-Fried retakes the witness stand for cross-examination by prosecutors

MAS Allies with Global Regulators for Digital Asset Development!

Saudi Arabia’s NEOM partners with Animoca, eyes $50m deal

RGU Professor Wins Academic of the Year at UK Awards

Binance to list Celestia with unique risk mitigation measures

Bitcoin Price Surges as Demand Soars: CoinShares Report

订阅我们免费的电子期刊，获取每日最新加密领域动态！