Largest inflows into cryptocurrency investment products since July – CoinShares
Cryptocurrency investment products, in a remarkable trend, witnessed consecutive weeks of substantial inflows, with a staggering $78 million pouring in, as reported by CoinShares. In the preceding week, digital asset investment products continued their surge, reaching volume peaks not seen since July 2023, as detailed in a newly released report. CoinShares , the crypto asset management firm, disclosed that crypto investment products welcomed inflows for a second consecutive week, amassing an impressive $78 million, as per their weekly analytical report published on October 9. Further insights from CoinShares indicate that the volumes of crypto exchange-traded products (ETPs) experienced a remarkable 37% surge over the last week, crossing the $1.1 billion mark. Bitcoin, in particular, witnessed a notable 16% rise in trading volume on reputable exchanges, as highlighted in the report. Solana, currently ranking as the eighth largest cryptocurrency by market capitalization, conti...