6 months ago
21 ARTICLE AD
ETF investment levels off as Bitcoin leads crypto fund gains.
Crypto funds reached $646 million in inflows last week, according to a report by asset management firm CoinShares. This increase brings the year-to-date total to a record $13.8 billion, eclipsing the previous peak of $10.6 billion observed in 2021. However, the report highlights that the enthusiasm for spot Bitcoin exchange-traded funds (ETF) investments appears to be moderating.
Last week’s flow levels reached over $17 billion, yet they are still below early March’s levels, when the ETF flows peaked at $43 billion. Nevertheless, Bitcoin remained the primary focus of investors looking to get crypto exposure through funds, with inflows totaling $663 million. Meanwhile, short Bitcoin investment products saw outflows for the third consecutive week, amounting to $9.5 million, hinting at a slight retreat among bearish investors.
Ethereum faced outflows for the fourth week in a row, totaling $22.5 million. Conversely, other altcoins such as Litecoin, Solana, and Filecoin continued to attract inflows, with $4.4 million, $4 million, and $1.4 million, respectively.
Image: CoinSharesIn the US, investment sentiment continued to be strong with an additional $648 million in inflows. Brazil, Hong Kong, and Germany also reported inflows of $10 million, $9 million, and $9.6 million, respectively. In contrast, Switzerland and Canada experienced outflows of $27 million and $7.3 million.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
