Digital Asset Investment Products Register Record $326M in Inflows, Led by Bitcoin and Solana

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By BitcoinWiki News

Key Takeaways:

– Digital asset investment funds saw a record $326 million in net outflows last week.
– The surge in investor interest is attributed to growing optimism surrounding the potential approval of a spot-based Bitcoin ETF by the SEC.
– Month-to-date inflows are close to half a billion dollars, indicating an increase in investor confidence.
– The approval of a spot-based Bitcoin ETF in the coming months is highly likely according to industry experts.
– The United States accounted for only 12% of the inflows, while Canada, Germany, and Switzerland were major contributors.
– Asia also witnessed a surge in weekly inflows.
– Bitcoin dominated the inflows, capturing 90% of the total at $296 million.
– Solana experienced significant inflows of $24 million.
– Ethereum experienced outflows totaling $6 million.
– The surge in Bitcoin’s price has sparked renewed interest in crypto trading and increased daily exchange volumes.
– The seven-day moving average for spot exchange volumes breached $24 billion on October 26.


Digital asset investment funds experienced a record $326 million in net outflows last week, the largest single week of outflows since July 2022. The surge in investor interest is attributed to growing optimism surrounding the potential approval of a spot-based Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC). Monthly inflows are close to half a billion dollars, indicating increased investor confidence. The approval of a spot-based Bitcoin ETF in the coming months is highly likely and would be a significant regulatory milestone for the industry. The United States accounted for only 12% of the inflows, with Canada, Germany, and Switzerland being major contributors. Asia also saw a surge in weekly inflows. Bitcoin dominated the inflows, capturing 90% of the total. The recent price surge prompted inflows into short-Bitcoin investment products. Solana also experienced significant inflows, while Ethereum saw outflows. The anticipation of a spot ETF approval has led to a surge in Bitcoin’s price and increased daily exchange volumes.

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