Net inflows into cryptocurrency investment products for 8–14 October stood at $12 million, versus outflows of $5 million a week earlier. Analysts at CoinShares provided these estimates.
Thanks to a positive re-rating of AUM in crypto products, it rose to $25 billion.
“Investors remain apathetic. The last five weeks of flows did not exceed 0.05% of assets under management,” according to the report.
Traditional Bitcoin funds saw inflows of $8.8 million (vs $12 million a week earlier).
In instruments that enable shorting the first cryptocurrency, inflows of $6.7 million followed a record outflow of $14.7 million in the previous reporting period.
Outflows from Ethereum funds totaled $3.9 million, versus $2.2 million a week earlier.
In funds based on other altcoins, there were modest changes — Avalanche (-$0.6 million), Binance ($0.3 million).
As noted on 13 October, the price of the first cryptocurrency fell below $18,200 amid US inflation data.
Earlier, LookIntoBitcoin proposed accumulating bitcoin amid signs that a bottom is forming.
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