{"id":11046,"date":"2024-02-26T17:02:17","date_gmt":"2024-02-26T15:02:17","guid":{"rendered":"https:\/\/forklog.com\/en\/weekly-inflows-to-crypto-funds-decline-to-598-million\/"},"modified":"2024-02-26T17:02:17","modified_gmt":"2024-02-26T15:02:17","slug":"weekly-inflows-to-crypto-funds-decline-to-598-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/weekly-inflows-to-crypto-funds-decline-to-598-million\/","title":{"rendered":"Weekly Inflows to Crypto Funds Decline to $598 Million"},"content":{"rendered":"<p>Funds flowing into cryptocurrency investment products from February 17 to 23 amounted to $598 million, following a record $2.45 billion in the previous reporting period, according to a report by <a href=\"https:\/\/blog.coinshares.com\/volume-171-digital-asset-fund-flows-weekly-report-0bc3a2259018\">CoinShares<\/a>.<\/p>\n<p>Net inflows since the beginning of the year have reached $5.76 billion\u201455% of the all-time high inflows recorded in 2021.<\/p>\n<p>The positive trend continued for the fourth consecutive week, despite ongoing withdrawals from the <span data-descr=\"Grayscale Bitcoin Trust ETF\" class=\"old_tooltip\">GBTC<\/span>, resulting in Grayscale recording a net outflow of $432.9 million across its range.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-927.webp\" alt=\"1-927\" class=\"wp-image-226814\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>During the week, the total volume of assets under management rose to $68.3 billion, the highest since December 2021. For comparison, in November 2021, the figure reached a record $87 billion.<\/p>\n<p>Investors poured $569.5 million into bitcoin-related instruments after $2.42 billion in the previous reporting period. Year-to-date inflows have exceeded $5.6 billion.<\/p>\n<p>Clients invested $3.9 million in structures that allow shorting the leading cryptocurrency (compared to $5.8 million the previous week).<\/p>\n<p>Altcoins, excluding Solana (-$3 million), showed positive dynamics. Ethereum funds attracted $16.8 million, while products based on Chainlink, XRP, and Cardano drew $1.8 million, $1.1 million, and $1 million, respectively.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-720.webp\" alt=\"2-720\" class=\"wp-image-226815\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>On February 24, NFT sales volume on the Solana network surpassed $5 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Funds flowing into cryptocurrency investment products from February 17 to 23 amounted to $598 million, following a record $2.45 billion in the previous reporting period, according to a report by CoinShares. Net inflows since the beginning of the year have reached $5.76 billion\u201455% of the all-time high inflows recorded in 2021. The positive trend continued [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1191,569,1214,1145,1159],"class_list":["post-11046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-coinshares","tag-etf","tag-grayscale-bitcoin-trust","tag-market-analysis","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11046"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11045"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}