{"id":13475,"date":"2023-10-02T17:06:13","date_gmt":"2023-10-02T17:06:13","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=13475"},"modified":"2023-10-02T17:06:14","modified_gmt":"2023-10-02T17:06:14","slug":"bitcoin-solana-products-lead-first-crypto-investment-inflow-since-mid-august","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=13475","title":{"rendered":"Bitcoin, Solana products lead first crypto investment inflow since mid-August"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>Crypto investment products have recorded their first inflows since mid-August, as $21 million flowed into these products in the past week.<\/p>\n<p>CoinShares analyst James Butterfill said the inflows were a &#8220;reaction to a combination of positive price momentum, fears over US government debt prices and the recent quagmire over government funding.&#8221;<\/p>\n<p>However, he noted that trading &#8220;volumes remain seasonally low in both the investment product and broader crypto markets.&#8221;<\/p>\n<h2>Bitcoin, Solana dominate<\/h2>\n<p>According to the latest CoinShares weekly report, Bitcoin (BTC) and Solana&#8217;s (SOL) investment products contributed significantly to the recorded inflow. Per Coinshares, BTC products saw the most inflows with $20 million, while SOL &#8220;continues to shine&#8221; with inflows amounting to $5 million.<\/p>\n<p>Solana products have enjoyed a largely positive year, recording 27 weeks of inflows and just four weeks of outflows. The asset has a positive year-to-date flow of $31 million, higher than that of XRP, Cardano, and others.<\/p>\n<p>Digital Assets Investment Products. (Source: Coinshares)<\/p>\n<p>Meanwhile, Ethereum (ETH) maintained its &#8220;least loved altcoin&#8221; coin tag by recording outflows totaling $1.5 million the previous week. This brings Ether product outflows to a seventh consecutive week and a negative year-to-date flow of $114 million.<\/p>\n<h2 class=\"mceTemp\">U.S. sentiment remains bearish<\/h2>\n<p>U.S. investors have shown caution, withdrawing around $19 million from their investment products in the last week. These exits can be attributed to the continued regulatory uncertainty surrounding crypto-related businesses within the region.<\/p>\n<p>Crypto Investment Products Flows by Countries (Source: Coinshares)<\/p>\n<p>While the U.S. Securities and Exchange Commission (SEC) has allowed Ethereum futures exchange-traded funds (ETFs) to go live today, the financial regulator has continued to delay decisions on spot Bitcoin ETFs.<\/p>\n<p>These unclear regulatory measures have resulted in a negative monthly flow of $86 million, while its year-to-date flow is a positive $266 million.<\/p>\n<p>Meanwhile, investors in Europe and Canada continue to pump funds into crypto investment products as these regions saw inflows of $23 million and $17 million, respectively, during the previous week.<\/p>\n<p>The post Bitcoin, Solana products lead first crypto investment inflow since mid-August appeared first on CryptoSlate.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/bitcoin-solana-investment-products-lead-first-crypto-inflow-since-mid-august\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto investment products have recorded their first inflows since mid-August, as $21 million flowed into these products in the past week. CoinShares analyst James Butterfill said the inflows were a &#8220;reaction to a combination of positive price momentum, fears over US government debt prices and the recent quagmire over government funding.&#8221; However, he noted that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-13475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13475"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13475\/revisions"}],"predecessor-version":[{"id":13477,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13475\/revisions\/13477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/13476"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}