According to CoinShares analysts, inflows into crypto-based investment products between October 14 and 20 amounted to $66 million, up from $15.2 million in the previous week.
Notably, this positive trend continued for the fourth consecutive week. Total fund inflows during this period reached $179 million and, taking into account the improved market conditions, fund assets under management increased by 15% to $33 billion, the highest since mid-August.
According to the company's analysts, these values are relatively small compared to those recorded after BlackRock announced in June its intention to launch a Bitcoin ETF. At that time, in four weeks, the proceeds amounted to $807 million.
The company experts have explained:
"This suggests that the lower inflows this time round."
84% of total inflows came from Bitcoin-related products. Since the beginning of the year, the figure has reached $315 million.