Digital Asset Investment Products See Consecutive Inflows of $261 Million!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Nov 6, 2023 18:07

Digital asset investment products continue to see consecutive inflows, totaling $261 million in the past week. This run of inflows now matches the July 2023 run and is the largest since the end of the bull market in December 2021. US investors are beginning to participate, with Bitcoin seeing the lion’s share of inflows totaling $229 million. This brings year-to-date inflows to $842 million and is likely buoyed by the possibility of a spot-based ETF in the US. Ethereum saw the largest inflows since August 2022, totaling $17.5 million, while other altcoins, such as Solana, Chainlink, Polygon, and Cardano, also saw inflows.