Net inflows into cryptocurrency investment products for September 24–30 amounted to $10.3 million, compared with $8.3 million a week earlier, according to CoinShares.
Inflows continued for the third week in a row, but their scale indicates lingering uncertainty in investor sentiment, according to specialists.
Trading volume fell to $886 million, the lowest since October 2020.
In traditional Bitcoin funds there was inflow of $7.7 million ($2.6 million a week earlier).
In structures that allow opening short positions on the first cryptocurrency, inflows of $2.1 million were recorded, versus a $5.1 million outflow in the previous seven days.
Inflows into Ethereum funds amounted to $5.6 million versus $6.9 million a week earlier.
Among products based on other altcoins, a total of $5.3 million was withdrawn. The leaders were Polygon, Avalanche and Cardano — $0.9 million, $0.8 million and $0.5 million respectively.
On September 27, the price of Bitcoin rose above $20 000, but later slipped back below the psychological level.
Earlier, the first cryptocurrency reacted with a sharp correction to the rise in the Federal Reserve’s key rate.
Read ForkLog’s Bitcoin news on our Telegram — cryptocurrency news, rates and analytics.