The post Crypto funds capital inflow reached $66m appeared on BitcoinEthereumNews.com.

CoinShares analysts recorded capital inflows for the fourth week in a row. The investments amounted to $66m between Oct. 16 and Oct. 22. The report also says that the largest revenues were in Switzerland ($45.5 million), Canada ($18.1 million) and Germany ($10.9 million). In the United States, an outflow of $8.7m was recorded. Analysts noted that the values are relatively small compared to those recorded following Blackrock’s announcement that it was filing to launch a Bitcoin ETF in June. Then, in four weeks, revenues reached $807m. 84% of total inflows came from Bitcoin-related products. In the previous week, it was $16.4 million. Since the beginning of the year, the figure has reached $315m. Investors invested $1.7m in structures that allow them to open shorts on the first cryptocurrency, just like the week before. Continued concerns about Ethereum (ETH) led to a further outflow of funds from related products of $7.4m (also $7.4 million in the previous reporting period). Positive dynamics were observed in funds based on other altcoins. Tools based on Solana stood out again – $15.5 million versus $3.7 million a week earlier. Since the beginning of the year, investors have increased positions by $74 million. Earlier, experts recorded an inflow of capital into investment products with digital assets for the third week in a row. Regional sentiment remains discordant. Inflows to the US remain minimal, with Europe accounting for $7 million last week. Follow Us on Google News Source: https://crypto.news/crypto-funds-capital-inflow-reached-66m/

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Filed under: News - @ October 23, 2023 7:28 pm