Analysts recorded the largest influx into crypto funds since July

Crypto market news, investments in cryptocurrencies
Crypto market news, investments in cryptocurrencies

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.

Data: CoinShares.

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).

Data: CoinShares.

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.

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