{"id":358877,"date":"2024-09-30T17:40:39","date_gmt":"2024-09-30T12:10:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=358877"},"modified":"2024-09-30T17:40:39","modified_gmt":"2024-09-30T12:10:39","slug":"bitcoin-dominance-drives-1-2b-inflows-in-crypto-investment-products-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-dominance-drives-1-2b-inflows-in-crypto-investment-products-crypto-news\/","title":{"rendered":"Bitcoin dominance drives $1.2B inflows in crypto investment products – Crypto News"},"content":{"rendered":"

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\"Receive,<\/a><\/div>\n

Inflows into crypto-related investment products continued for the third consecutive week, with $1.2 billion flowing into the sector, according to\u00a0CoinShares\u2019<\/a><\/span>\u00a0latest weekly\u00a0report<\/a>.<\/p>\n

James Butterfill, CoinShares\u2019 head of research, attributed the strong inflows to expectations of a dovish US monetary policy and positive market momentum. These factors pushed total assets under management up 6.2% to $92.7 billion.<\/p>\n

The US Securities and Exchange\u00a0Commission\u00a0approved<\/a><\/span>\u00a0options trading<\/a> for BlackRock\u2019s spot Bitcoin ETF, which also lifted market sentiment. Despite these inflows, weekly trading volume in the sector dipped by 3.1%.<\/p>\n

Bitcoin\u2019s dominance continues<\/span><\/p>\n

The CoinShares report showed that Bitcoin<\/a> continued to dominate the flows, with investors pouring in $1 billion to BTC-related investment products.<\/p>\n

This can be linked to its strong price performance and also the improved inflows to spot Bitcoin ETF products last week. Notably, the funds run by Bitwise<\/a>, BlackRock<\/a>, Fidelity<\/a>, and Ark 21 Shares all saw positive performance during the reporting period.<\/p>\n

However, Grayscale\u2019s<\/a> crypto funds continued their net outflow trend, dropping its total assets to $21.2 billion.<\/p>\n

\"Crypto
Crypto Assets Fund Flows (Source: CoinShares)<\/figcaption><\/figure>\n

Meanwhile, BTC\u2019s recent uptrend to around $65,000 fueled an $8.8 million inflow into short-Bitcoin products, as some investors expect the current rally to fade.<\/p>\n

Regionally, sentiment was divided. The US led with $1.2 billion in inflows, while Switzerland trailed with $84 million. In contrast, Germany and Brazil experienced outflows of $21 million and $3 million, respectively.<\/p>\n

Ethereum breaks a negative streak.<\/h2>\n

Ethereum<\/a>-related products ended a five-week outflow streak, bringing in $87 million\u2014the first significant inflow since early August.<\/p>\n

Data from SosoValue showed that spot Ethereum ETFs saw the second-highest weekly flows since their launch in July.<\/p>\n

\"Crypto\"Crypto
Crypto Assets Weekly Flow (Source: CoinShares)<\/figcaption><\/figure>\n

On the other hand, large-cap alternative digital assets had mixed results. Litecoin<\/a> and XRP<\/a> recorded inflows of $2 million and $0.8 million, respectively. Meanwhile, Solana<\/a> and Binance faced outflows of $4.8 million and $1.2 million.<\/p>\n

Mentioned in this article<\/h6>\n
Posted In: Bitcoin<\/a>, Crypto<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Inflows into crypto-related investment products continued for the third consecutive week, with $1.2 billion flowing into the sector, according to\u00a0CoinShares\u2019\u00a0latest weekly\u00a0report. James Butterfill, CoinShares\u2019 head of research, attributed the strong inflows to expectations of a dovish US monetary policy and positive market momentum. These factors pushed total assets under management up 6.2% to $92.7 billion. […]<\/p>\n","protected":false},"author":2,"featured_media":358879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-358877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/358877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=358877"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/358877\/revisions"}],"predecessor-version":[{"id":358881,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/358877\/revisions\/358881"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/358879"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=358877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=358877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=358877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}