Receipts in cryptocurrency investment products from September 30 to October 6 amounted to $78 million compared to $9 million a week earlier. These calculations were made by CoinShares analysts.
Trading volumes increased by 37% to $1.13 billion.
Analysts recalled that trading in Ethereum-ETF futures started on October 2. In total, the instruments attracted just under $10 million in a week (the previous week saw an outflow of $1.5 million).
This highlights the “moderate appetite” of investors compared to what happened during the launch of the Bitcoin futures ETF ($1 billion). Then there was “excitement for the asset class as a whole,” experts explained.
Bitcoin funds recorded an inflow of $42.7 million compared to $20.4 million in the previous reporting period.
Investors invested $1.2 million in structures that allow opening shorts on the first cryptocurrency (a week ago an outflow of $1.5 million was recorded).
Solana-based products raised the most $24 million since March 2022 (previous reporting period: $5.1 million).
Let us remind you that on October 2, the total locked value of assets in the Solana blockchain exceeded $339 million – the highest figure since November 2022.
Found an error in the text? Select it and press CTRL+ENTER
ForkLog newsletters: keep your finger on the pulse of the Bitcoin industry!