{"id":24749,"date":"2023-11-27T20:18:19","date_gmt":"2023-11-27T20:18:19","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-investment-products-hit-9-week-high-of-inflows-with-346m\/"},"modified":"2023-11-27T20:18:19","modified_gmt":"2023-11-27T20:18:19","slug":"crypto-investment-products-hit-9-week-high-of-inflows-with-346m","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-investment-products-hit-9-week-high-of-inflows-with-346m\/","title":{"rendered":"Crypto investment products hit 9-week high of inflows with $346M"},"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\/11\/1701115809797-95081a1f-1dd0-4293-9152-7d39529c369c-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1701115809797-95081a1f-1dd0-4293-9152-7d39529c369c-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1701115809797-95081a1f-1dd0-4293-9152-7d39529c369c-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1701115809797-95081a1f-1dd0-4293-9152-7d39529c369c-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Crypto investment products hit 9-week high of inflows.<\/li>\n<li dir=\"ltr\">Total inflows for week up to November 24 was $346 million, with $312 million in Bitcoin-related ETP products.<\/li>\n<li dir=\"ltr\">Ethereum saw $34 million of inflows amid a turnaround in sentiment.<\/li>\n<\/ul>\n<p dir=\"ltr\">Crypto investment products recorded $346 million in inflows for the week ending November 24, according to a weekly report by digital assets management firm CoinShares.<\/p>\n<p dir=\"ltr\">The report highlights last week\u2019s inflows into crypto exchange-traded products as the \u201chighest total observed in the past 9 weeks of inflows,\u201d CoinShares head of research James Butterfill <a href=\"https:\/\/twitter.com\/CoinSharesCo\/status\/1729172733089530149\" rel=\"noopener noreferrer\" target=\"_blank\">noted<\/a>.\u00a0<\/p>\n<p dir=\"ltr\">According to the analysis, crypto products are on a run of inflows that\u2019s now the biggest since the last bull market. Positive net inflows are likely to continue given the sentiment around the potential approval of a spot-based ETF in the US.<\/p>\n<h2 dir=\"ltr\">Bitcoin ETPs record $312 million in inflows<\/h2>\n<p dir=\"ltr\">As total crypto ETPs inflows hit $346 million, the largest chunk of that went into <a href=\"https:\/\/coinjournal.net\/bitcoin\/\" rel=\"noopener noreferrer\" target=\"_blank\">Bitcoin (BTC)<\/a> products, with a total of $312 million in weekly inflows. The figure pushed the inflows count for the flagship cryptocurrency $1.5 billion year-to-date. Meanwhile, short bitcoin products saw outflows of $0.9 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udfe2 New record of inflows with US$346m this week, the highest total observed in the past 9 weeks of inflows.<\/p>\n<p>\u2013 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> \u2013<br \/>\ud83d\udfe2 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>: US$312m inflows (year-to-date inflows US$1.5bn)<br \/>\ud83d\udd34 Short Bitcoin: US$0.9m outflows<\/p>\n<p>\ud83d\udd0e ETP volumes as a percentage of total spot Bitcoin volumes\u2026 <a href=\"https:\/\/t.co\/gMUPzTy0q4\">pic.twitter.com\/gMUPzTy0q4<\/a><\/p>\n<p>\u2014 CoinShares (@CoinSharesCo) <a href=\"https:\/\/twitter.com\/CoinSharesCo\/status\/1729172733089530149?ref_src=twsrc%5Etfw\">November 27, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">Elsewhere, altcoins continued to experience a resurgence in inflows. <a href=\"https:\/\/coinjournal.net\/ethereum\/\">Ethereum (ETH)<\/a> registered a total of $34 million in inflows for the week, while Solana (SOL), Polkadot (DOT) and Chainlink (LINK) saw $3.5 million, $0.8 million and $0.6 million respectively.<\/p>\n<p dir=\"ltr\">Ethereum is on a 4-week run totalling $103 million, CoinShares noted, a scenario that sees the world\u2019s second largest cryptocurrency by market cap nearly flip the run of outflows see in 2023. The CoinShares team attributes this to a \u201cdecisive turn-around in sentiment\u201d, probably informed by recent events including the filing of a spot Ethereum ETF by BlackRock.<\/p>\n<p dir=\"ltr\">Last week\u2019s inflows have pushed total assets under management in crypto funds to $45.4 billion. It\u2019s the the highest level since May last year.\u00a0<\/p>\n<p dir=\"ltr\">Total crypto ETP inflows <a href=\"https:\/\/coinjournal.net\/news\/crypto-etp-inflows-surpass-1b-year-to-date-as-total-aum-hits-may-2022-high\/\" rel=\"noopener noreferrer\" target=\"_blank\">surpassed the $1 billion mark year-to-date<\/a> earlier this month.<\/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><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/inflows-into-crypto-investment-products-hit-9-week-high-of-346m\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Crypto investment products hit 9-week high of inflows. Total inflows for week up to November 24 was $346 million, with $312 million in Bitcoin-related ETP products. Ethereum saw $34 million of inflows amid a turnaround in sentiment. Crypto investment products recorded $346 million [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24750,"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\/24749"}],"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=24749"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24750"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}