CoinShares: Crypto Funds Receive Highest Inflows Since July
Main page News, Cryptocurrency
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Oct. 10, 2023

According to analysts at analyst firm CoinShares, inflows into crypto-based investment products between September 30 and October 6 rose to $78 million, up from $9 million the previous week.

Trading volumes enjoyed a 37% increase to $1.13 billion.

According to the company analysts, trading of Ethereum ETF futures started on October 2. In total, the instruments attracted just under $10 million in a week, while the previous week saw an outflow of $1.5 million.

This highlights the "subdued appetite" of investors compared to what happened during the launch of Bitcoin futures ETFs ($1 billion).

Notably, Bitcoin funds experienced inflows of $42.7 million compared to $20.4 million in the previous reporting period.

Investors invested $1.2 million in structures that allow opening short positions on BTC, while outflows of $1.5 million were recorded a week ago.

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