The inflow of funds into cryptocurrency funds decreased for the 4th week in a row

According to CoinShares report, last week, investment products based on digital assets attracted $151 million. Although the results are lower than previous weeks, but the level remains quite high and the main tone is set by BTC funds

Приток средств в криптовалютные фонды снижается 4-ю неделю подряд

Reportedly, total inflow of funds to cryptocurrency funds decreased for the fourth week in a row. Last week he was $174 million, and a little earlier was equal to $1,5 Billion (then bitcoin futures ETFs debuted in the US).

BTC funds attracted $98 million (a week earlier $95 million), increasing the volume of assets under management (AUM) to record $56 billion, although the dominance of BTC over altcoins has weakened somewhat. On Sunday, the update of the Taproot bitcoin network was launched., but so far this event has not caused serious movements in the market.

В ориентированные на Ethereum фонды зашли $17 million, while the total amount of AUM for the first time exceeded $21 billion. Solana-funds attracted $9,8 million. Apparently, investor interest in altcoins decreased slightly.

"Although recently the inflow of funds has been positive., we have witnessed low volumes",, – reported in the report of CoinShares

In the second half of this year, trading volumes of cryptocurrency investment products averaged $750 millions per day compared to $960 millions in the first half 2021 of the year.

ADA-oriented funds attracted the greatest interest among investors: they went into $16 million. Polkadot-funds attracted $5,2 million, and XRP funds — $3,1 million.

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