HomeCoinsBitcoinAfter a record week, the rate of inflow of funds into crypto...

After a record week, the rate of inflow of funds into crypto funds has slowed down

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investing in bitcoin

Last week, the rate of inflow of funds to cryptocurrency funds slowed down, failing to maintain the level of hype after the debut of the first bitcoin futures ETF in the United States

According to the CoinShares report, $288 million went into investment products based on digital assets last week, which is much lower than the record figures of the previous week of $1.47 billion. Since the beginning of the year, the inflow of funds into funds has grown to $8.7 billion.

As in the previous week, the lion’s share of new investments came from BTC funds – about $ 269 million.

The decrease in the rate of inflow of funds coincided with the market pause: On October 20, the BTC reached a historic high, but then there was a slight correction. Against the background of a decrease in hype after the initial launch, the inflow of funds into American bitcoin ETFs slowed down: they managed to attract only $53 million in a week. The first bitcoin futures ETF from ProShares began trading on the New York Stock Exchange on October 19 under the ticker BITO. He managed to quickly raise more than $1 billion.

Last week, funds working with managed to break the three-week negative trend and attract $16.6 million. Since the beginning of the year, ETH funds have raised $1.06 billion, second only to BTC funds, which raised $6.37 billion.

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Other altcoins also continued to enjoy popularity: Solana-focused funds raised $15 million, funds – $5 million and Polkadot funds — $6.2 million.

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