Cryptocurrency Daily Thefoxposts.com

According to an Oct. 30 report from Coinshares, the leading European alternative asset manager, digital asset investment products saw inflows of US $326 million. Bitcoin made up 90 percent of these inflows at $296 million. Ongoing investor caution The report  goes on to highlight that month-to-date inflows for Bitcoin are now approaching half a billion dollars, in what is a positive trend in response to the SEC being close to approving a spot-based Bitcoin ETF in the country. Despite this being the largest inflow since July, the asset manager highlights it is actually only the 21st largest on record, indicating some investor caution, though the possibility of a spot-based ETF in the near future could mark a significant regulatory shift for the industry. You might also like: Crypto operator CoinShares launches U.S. hedge fund division Breaking it down by region, 12 percent of the flows , or $38 million, came from the US, while the largest inflows came from Canada, Germ...

Solana bucked the trend, with its $9.5 million in inflows taking the top spot over the past week. Weekly cryptocurrency asset flows for the week ending Aug. 4 reconciled at $107 million in outflows, continuing a three-week negative trend totaling $134.8 million. Once again, the lion’s share of movement was attributed to Bitcoin (BTC). With $111 million in outflows, Bitcoin funds negated the majority of inflows for the week. According to CoinShares’ Digital Asset Fund Flows weekly report, this indicates further “profit taking” on the heels of the previous cycle’s gains. For the month leading up to the recent spate of outflows , in flows of $742 million into crypto funds  were seen, with 99% of that coming from Bitcoin. Source: CoinShares Weekly trading volumes in investment products saw a dip below the year-to-date average, according to the report, with broader on-exchange market volumes down 62% against the relative average. Regionally, only Australia and the United States show inf...