Volume of Assets in Crypto Funds Reaches a Record High of $72.3B
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19 October
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Fund inflows into digital asset-based products between Oct. 9 and Oct. 15 have reached 80 million, while the total amount of funds in such products has increased to a new record high of $72.3 billion, CoinShares has reported.

Notably, the previous high was $71.6 billion.

A week earlier, the inflow of funds amounted to $225 million, when positive dynamics was recorded for the ninth week in a row: during this period, the total amount of investments amounted to $718 million.

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The inflow of funds to Bitcoin-based funds amounted to $70 million, to Cardano and Polkadot to $3.6 million and $2.7 million, respectively.

As for Ethereum-based products, they recorded an outflow of capital of $0.9 million.

According to the company's analysts:

"The recent decision by the SEC to allow a futures-based ETF in the United States could prompt further significant inflows in the coming weeks as US investors begin to add positions. The weekly inflows remain much lower than inflows seen in the first quarter of 2021, where there was much greater participation by US investors."

Trading of ProShares' Bitcoin futures-based ETF is expected to begin today on the New York Stock Exchange.

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