Last week, the rate of inflow of funds to cryptocurrency funds slowed down, failing to maintain the level of excitement after the debut of the first US Bitcoin futures ETF
According to CoinShares report, during the last week entered investment products based on digital assets $288 million, which is much lower than the record indicators of the previous week in the amount of $1,47 billion. Since the beginning of the year, the inflow of funds into crypto funds has grown to $8,7 billion.
Same as last week, the lion's share of new investments fell on BTC funds – about $269 million.
The decrease in the rate of inflow of funds coincided with the market pause: 20 October, the BTC rate reached an all-time high, but then there was a slight correction. US Bitcoin ETFs Slow Down Amid Decrease In Hype After Initial Launch: in a week they managed to attract only $53 million. ProShares' first Bitcoin futures ETF begins trading on the New York Stock Exchange 19 October under the ticker BITO. He was able to quickly attract more $1 billion.
Last week working with Ethereum funds managed to break the three-week negative trend and attract $16,6 million. Since the beginning of the year, ETH funds have attracted $1,06 billion, losing only to BTC funds, Gathered $6,37 billion.
Other altcoins have continued to be popular as well.: Solana-focused funds raised $15 million, Cardano funds – $5 million and Polkadot funds – $6,2 million.