{"id":24164,"date":"2023-10-24T10:35:01","date_gmt":"2023-10-24T10:35:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/institutional-investors-pour-66m-into-crypto-products\/"},"modified":"2023-10-24T10:35:01","modified_gmt":"2023-10-24T10:35:01","slug":"institutional-investors-pour-66m-into-crypto-products","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/institutional-investors-pour-66m-into-crypto-products\/","title":{"rendered":"Institutional investors pour $66M into crypto products"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692033109469-ed145da7-5ba0-4cb2-98c5-e048cc643b3b-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692033109469-ed145da7-5ba0-4cb2-98c5-e048cc643b3b-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692033109469-ed145da7-5ba0-4cb2-98c5-e048cc643b3b-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1692033109469-ed145da7-5ba0-4cb2-98c5-e048cc643b3b-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Bitcoin products saw $55.3 million in inflows, short bitcoin products recorded $1.7 million.<\/li>\n<li dir=\"ltr\">BTC price rose to highs above $35k amid speculation around a spot Bitcoin ETF.<\/li>\n<li dir=\"ltr\">In altcoins, Solana (SOL) saw inflows of $15.5 million but Ethereum saw $7.4 million in outflows.<\/li>\n<\/ul>\n<p dir=\"ltr\">Crypto products have registered institutional inflows for a fourth consecutive week, with <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a> seeing the most inflows amid its recent price spike. Today, the leading digital asset <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-price-skyrockets-to-35k-on-fresh-spot-etf-news\/\">saw its price rise sharply to above $35k<\/a>, suggesting the trend is likely to continue as sentiment slowly shifts towards a solid bullish outlook.<\/p>\n<h2 dir=\"ltr\">$66 million in inflows last week<\/h2>\n<p dir=\"ltr\">It appears institutional appetite for crypto investment products is hitting new levels as more people pour money into crypto funds. A <a href=\"https:\/\/etp.coinshares.com\/en\/knowledge\/market-activity\/fund-flows-23-10-23\" rel=\"noopener noreferrer\" target=\"_blank\">report<\/a> by digital asset manager CoinShares shows that cryptocurrencies are on a four-week streak of inflows, with Bitcoin accounting for the largest share of that with 84%.<\/p>\n<p dir=\"ltr\">While Bitcoin products recorded $55.3 million in inflows, short bitcoin products saw $1.7 million. According to James Butterfill, the head of research at CoinShares, it\u2019s a scenario that suggests \u201cshort sellers are losing confidence.\u201d<\/p>\n<p dir=\"ltr\">Solana (SOL), which has seen <a href=\"https:\/\/coinjournal.net\/news\/solana-sol-breaks-above-key-level-but-can-bulls-take-advantage\/\">bullish strength since breaking above $20<\/a>, also recorded significant inflows with $15.5 million. This continues a trajectory that sees inflows into the altcoin account for 47% of the category\u2019s assets under management (AuM) year-to-date. Meanwhile, Ethereum saw $7.4 million in outflows this past week.<\/p>\n<p dir=\"ltr\">\u201c<em>While the most recent inflows are likely linked to excitement over a spot bitcoin ETF launch in the US, they are relatively low in comparison to June announcements, suggesting more caution from investors this time round<\/em>,\u201d Butterfill wrote in the report.<\/p>\n<p dir=\"ltr\">Nonetheless, speculation over a potential spot Bitcoin ETF triggered BTC\u2019s sharp spike to its 17-month high above $35k early Tuesday. This momentum could take BTC higher and signal a bullish flip that develops into a raging bull market.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/crypto-sees-66m-in-institutional-inflows-amid-bitcoin-spike\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bitcoin products saw $55.3 million in inflows, short bitcoin products recorded $1.7 million. BTC price rose to highs above $35k amid speculation around a spot Bitcoin ETF. In altcoins, Solana (SOL) saw inflows of $15.5 million but Ethereum saw $7.4 million in outflows. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24165,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24164"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24164"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24164\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24165"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}