Crypto investment products have seen their first inflows since mid-August, with $21 million flowing into these products in the past week. Bitcoin (BTC) and Solana’s (SOL) investment products contributed significantly to the recorded inflow, with BTC products seeing the most inflows with $20 million and SOL recording inflows of $5 million. Ethereum (ETH) maintained its “least loved altcoin” tag by recording outflows totaling $1.5 million the previous week.U.S. investors have shown caution, withdrawing around $19 million from their investment products in the last week. This can be attributed to the continued regulatory uncertainty surrounding crypto-related businesses within the region. The U.S. Securities and Exchange Commission (SEC) has allowed Ethereum futures exchange-traded funds (ETFs) to go live today, but has continued to delay decisions on spot Bitcoin ETFs. 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.Meanwhile, investors in Europe and Canada continue to pump funds into crypto investment products, with these regions seeing inflows of $23 million and $17 million, respectively, during the previous week. CoinShares analyst James Butterfill said the inflows were a “reaction to a combination of positive price momentum, fears over US government debt prices and the recent quagmire over government funding.” However, he noted that trading “volumes remain seasonally low in both the investment product and broader crypto markets.”
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇨🇦 |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | SEC, Ethereum, James Butterfill |
| Companies | CoinShares, Solana, Ethereum, Bitcoin, U.S. Securities and Exchange Commission (SEC) |
| Currencies | US Dollar, Solana, Ethereum, Canadian Dollar, Bitcoin |
| Securities | None |
