Investors invested $1.32 billion in crypto products within eight weeks – ForkLog

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

The inflow into cryptocurrency investment products from November 11 to November 17 amounted to $175.6 million. Over the past eight weeks, investors have invested a total of $1.32 billion, according to a CoinShares report.

“The pace remains significantly lower than in 2021 and 2020, which amounted to $10.7 billion and $6.6 billion, respectively,” – experts calculated.

Data: CoinShares.

Crypto trading volumesETP doubled to $3 billion.

$154.7 million was invested in Bitcoin-related products, while in the previous period the amount was $240 million. Inflows over the past eight weeks reached 3.4% of AUM ($30.78 billion).

From structures that allow opening shorts on the first cryptocurrency, clients of management companies withdrew $8.5 million compared to $7 million a week earlier.

Analysts associated the continuation of trends with approval expectations SEC spot-bitcoin-ETF.

Ethereum funds attracted $3.3 million after the highest since August 2022, $49.1 million in the previous reporting period.

Tools based on Solana stood out again – $13.6 million versus $12.4 million a week earlier.

Data: CoinShares.

Earlier, K33Research analysts recorded a record amount of assets in Bitcoin products (204,170 BTC).

Let us remind you that Matrixport predicted an increase in the price of the first cryptocurrency to $40,000-45,000 in 2023.

Prior to this, analysts indicated that Bitcoin short sellers would be hit by a “Santa Claus squeeze.”

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The article is in Russian

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