CryptoMediaClub
Saturday, July 5, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Digital Asset Fund Inflows Reach $78m as Trading Volumes Soar to $1.13bn: Coinshares

10.10.2023
A A
0
125
VIEWS
ShareShare

Digital Asset Investment products experienced a popularity surge in the past 14 days or so after about 10 weeks of severe drops.

The reports indicate a rising trend in the digital asset fund inflows, with $78 million flowing in last week, a twofold surge from the preceding one, whose inflow was over $25 million.

Europe and Bitcoin Won Big in Inflows

As the CoinShares data outrightly indicates, Bitcoin emerged as the primary beneficiary in the period. According to the statistics, Bitcoin Digital Asset Funds saw inflows amounting to about $43 million in the week.

However, this didn’t prevent some investors from capitalizing on Bitcoin’s recent price strength to add to short-Bitcoin positions, which attracted inflows of $1.2 million.

Interestingly, the boom in inflows was not at all universal. Regionally, there was a stark divide, with Europe accounting for 90% of the inflows, while the U.S. and Canada combined saw just $9 million.

The latest two-week inflow increase coincided with another 37% increase in trading volume for exchange-traded products, which surged to $1.13 billion, suggesting a bullish sentiment within the digital assets market.

Before the two-week inflow period, there was a 10-week drought period, where about $450 million flowed out of the markets. There were only two very low recorded weekly inflows in these ten weeks.

The analytical data by Bloomberg and Coinshares indicate that the largest outflow this year was reported at around mid-March, on week 10, at about $260 million. On the contrary, this year’s largest inflow was about $250 million around late June or early July.

New Ethereum ETFs Fail to Impress as Solana Thrives

The newly launched six Ethereum-focused ETFs in the U.S. failed to generate the expected enthusiasm. Despite high anticipation, these ETFs only managed to attract under $10 million in their first week. This is a weak response compared to the launch of similar products associated with BTC, which attracted over a billion in a week.

According to analyst James Butterfield of Coinshares blog, this lukewarm response suggests a “poor investor appetite for digital assets at present, and unfair to compare to the Bitcoin futures ETF launches in October 2021, as appetite was much higher for the assets class overall.”

As Ethereum saw a fading reaction, Solana had some surge in popularity, recording weekly inflows of $24 million. This is the largest since March 2022, according to the Coinshares reports.

With Ethereum’s weak performance, analysts suggest that Solanas product’s performance suggests a possible shift in the crypto community, with SOL becoming the preferred altcoin.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share10Tweet6ShareSharePin2

Related Posts

Crypto Traders on Alert as Sweden Expands Law to Seize Digital Assets
All news

Crypto Traders on Alert as Sweden Expands Law to Seize Digital Assets

05.07.2025
0

Sweden’s Justice Minister Gunnar Strömmer has ordered local authorities to intensify efforts to seize assets like cryptocurrency, luxury goods, and...

Read moreDetails
Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

05.07.2025
Crypto Price Prediction Today 4 July – XRP, Shiba Inu, Pepe

Crypto Price Prediction Today 4 July – XRP, Shiba Inu, Pepe

05.07.2025
XRP Price Prediction: Swiss Bank Embraces Ripple’s RLUSD – Billions Flowing into XRP?

XRP Price Prediction: Swiss Bank Embraces Ripple’s RLUSD – Billions Flowing into XRP?

05.07.2025
ChatGPT’s 42-Signal TRX Analysis Flags Corporate Treasury Milestone

ChatGPT’s 42-Signal TRX Analysis Flags Corporate Treasury Milestone

05.07.2025
Load More
Next Post
Bitcoin analysts look to November as price action looks to mirror past cycles

Bitcoin analysts look to November as price action looks to mirror past cycles

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Meme Coins Surpass $111B Market Cap as New Vote-to-Earn (V2E) Dogecoin Rival  Flockerz Raises $1.5M in Presale

Meme Coins Surpass $111B Market Cap as New Vote-to-Earn (V2E) Dogecoin Rival  Flockerz Raises $1.5M in Presale

8 months ago
TeraWulf increases self-mined BTC in Q2, while Hut8 looks to USBTC merger

TeraWulf increases self-mined BTC in Q2, while Hut8 looks to USBTC merger

2 years ago
Bitcoin miners double down on efficiency and renewable energy at the World Digital Mining Summit

Bitcoin miners double down on efficiency and renewable energy at the World Digital Mining Summit

2 years ago
FTX hacker’s wallet stirs as Ethereum ETFs prepare for U.S. debut

FTX hacker’s wallet stirs as Ethereum ETFs prepare for U.S. debut

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

XRP Price Prediction: Swiss Bank Embraces Ripple’s RLUSD – Billions Flowing into XRP?

ChatGPT’s 42-Signal TRX Analysis Flags Corporate Treasury Milestone

Google’s Gemini AI Predicts the Price of XRP, Solana and Cardano by the End of 2025

ChatGPT’s 42-Signal DOGE Analysis Flags Key $0.155 Support Test Amid Musk Drama

XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership

Solana Price Prediction – Institutional Investor Includes Solana in $100 Million Strategic Fund: Is Wall Street Warming Up to SOL?

Trending

Crypto Traders on Alert as Sweden Expands Law to Seize Digital Assets
All news

Crypto Traders on Alert as Sweden Expands Law to Seize Digital Assets

05.07.2025
0

Sweden’s Justice Minister Gunnar Strömmer has ordered local authorities to intensify efforts to seize assets like cryptocurrency,...

Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

Sanctioned Russian Giant Rostec Bypasses Banks with Tron-Based RUBx Stablecoin

05.07.2025
Crypto Price Prediction Today 4 July – XRP, Shiba Inu, Pepe

Crypto Price Prediction Today 4 July – XRP, Shiba Inu, Pepe

05.07.2025
XRP Price Prediction: Swiss Bank Embraces Ripple’s RLUSD – Billions Flowing into XRP?

XRP Price Prediction: Swiss Bank Embraces Ripple’s RLUSD – Billions Flowing into XRP?

05.07.2025
ChatGPT’s 42-Signal TRX Analysis Flags Corporate Treasury Milestone

ChatGPT’s 42-Signal TRX Analysis Flags Corporate Treasury Milestone

05.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz