“Inflows of funds into cryptocurrency investment funds from September 15 to 21 amounted to $1.29 billion after $321 million a week earlier. Such data was provided in CoinShares. Source: CoinShares. Positive dynamics continued for the third week in a row. Analysts explained this by expectations of additional measures by the Fed after the interest rate cut by 50 bps. on September 18. The volume of assets in crypto funds increased by 6.2% to $92.7 billion. ETP trading turnover decreased by 3.1% to $9.2 billion. Clients sent bitcoin-related instruments […]”, — write: businessua.com.ua
Inflows of funds into cryptocurrency investment funds from September 15 to 21 amounted to $1.29 billion after $321 million a week earlier. Such data was provided in CoinShares.
Source: CoinShares.
Positive dynamics continued for the third week in a row. Analysts explained this by expectations of additional measures Fed after lowering the interest rate by 50 b. on September 18.
The volume of assets in crypto funds increased by 6.2% to $92.7 billion.
Trade turnover ETP decreased by 3.1% to $9.2 billion.
Clients sent $1.07 billion to bitcoin-related instruments, up from $284 million a week earlier.
Investors added $8.8 million to structures that enable shorting digital gold (in the previous reporting period — $5.1 million).
In Ethereum funds, a five-week series of outflows was interrupted. The products received $87 million.
In Solana-based instruments, the opposite situation was recorded — after five weeks of inflows, investors reduced investments by $4.8 million.
Sentiment in other altcoins was also mixed, with inflows into Litecoin and XRP-based funds totaling $2 million and $0.8 million, respectively, while Binance- and Stacks-based instruments saw outflows of $1.2 million and $0.9 million.
Source: CoinShares.
Previously, Grayscale named 20 cryptocurrencies with high potential by the end of the year.
It will be recalled that 10X Research predicted a rapid movement of bitcoin to $70,000.
The source