- CoinShares presented a weekly report on the flow of funds into crypto funds.
- From November 11 to November 17, experts recorded an influx of capital worth $176 million.
- Positive dynamics have been observed for the eighth week in a row.
CoinShares presented a weekly report on financial flows into cryptocurrency-based investment products from November 11 to November 17. Experts reported the receipt of funds in the amount of $176 million. A positive trend has been recorded for eight weeks in a row.
According to the data, over the week the inflow of capital into crypto products related to the first cryptocurrency amounted to $154.7 million. The outflow from products that allow opening short positions on Bitcoin amounted to $8.5 million.
“We believe that the continued positive sentiment is due to the upcoming approval in the US of a spot Bitcoin ETF,” – says CoinShares.
During the week, there was an inflow of $13.6 million into Solana-related products, analysts said. Minimal positive dynamics were observed in instruments related to other altcoins.
Let us remind you that last week the influx of funds into cryptocurrency ETPs amounted to $293 million. Also, in the period from November 11 to November 18, 27 projects attracted investments totaling $375.9 million.
Note that in 2023, the volume of assets under management of crypto-ETPs increased by 91%.