CoinShares: Crypto Funds Receive Inflows for Third Consecutive Week
Main page News, Cryptocurrency
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Oct. 17, 2023

According to the latest report released by CoinShares, inflows into crypto-based investment products between October 7 and 13 amounted to $15.2 million, compared to $78.4 million in the previous week.

In addition, trading volumes were 27% lower than the 2023 average.

Notably, Bitcoin funds recorded an inflow of $16.4 million compared to $42.7 million in the previous reporting period.

In particular, investors invested $1.7 million in structures that allow opening short positions on BTC, while a week ago, the figure stood at $1.2 million.

According to the company analysts, the data provided does not include positive news for BTC on the SEC's refusal to appeal the court's decision in the case of converting the Grayscale Bitcoin trust into an ETF.

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