{"id":17393,"date":"2024-09-30T15:02:00","date_gmt":"2024-09-30T12:02:00","guid":{"rendered":"https:\/\/forklog.com\/en\/crypto-funds-see-inflows-for-third-consecutive-week\/"},"modified":"2024-09-30T15:02:00","modified_gmt":"2024-09-30T12:02:00","slug":"crypto-funds-see-inflows-for-third-consecutive-week","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/crypto-funds-see-inflows-for-third-consecutive-week\/","title":{"rendered":"Crypto Funds See Inflows for Third Consecutive Week"},"content":{"rendered":"<p>Inflows into cryptocurrency investment funds from September 22 to 28 amounted to $1.29 billion, following $321 million the previous week, according to data from <a href=\"https:\/\/blog.coinshares.com\/volume-202-digital-asset-fund-flows-weekly-report-e00fa60eac86\">CoinShares<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1229.webp\" alt=\"1-1229\" class=\"wp-image-242242\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>The positive trend continued for the third consecutive week. Analysts attributed this to expectations of further measures by the <span data-descr=\"Federal Reserve System of the USA\" class=\"old_tooltip\">Fed<\/span> following a 50 basis point interest rate cut on September 18.<\/p>\n<p>The volume of assets in crypto funds increased by 6.2% to $92.7 billion.<\/p>\n<p>Trading volume of <span data-descr=\"exchange-traded product\" class=\"old_tooltip\">ETP<\/span> decreased by 3.1% to $9.2 billion.<\/p>\n<p>Clients directed $1.07 billion into bitcoin-related instruments, up from $284 million the previous week.<\/p>\n<p>Investors added $8.8 million to structures allowing short positions on digital gold, compared to $5.1 million in the previous reporting period.<\/p>\n<p>Ethereum funds saw an end to a five-week streak of outflows, with $87 million flowing into products.<\/p>\n<p>Instruments based on Solana experienced the opposite situation\u2014after five weeks of inflows, investors reduced investments by $4.8 million.<\/p>\n<p>Sentiments in other altcoins were also mixed: inflows into Litecoin and XRP-based funds amounted to $2 million and $0.8 million respectively, while instruments based on Binance and Stacks saw outflows of $1.2 million and $0.9 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-904.webp\" alt=\"2-904\" class=\"wp-image-242243\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<p>Earlier, Grayscale identified 20 cryptocurrencies with high potential for the end of the year.<\/p>\n<p>In 10X Research, a forecast was made for bitcoin&#8217;s imminent move to $70,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflows into cryptocurrency investment funds from September 22 to 28 amounted to $1.29 billion, following $321 million the previous week, according to data from CoinShares. Data: CoinShares. The positive trend continued for the third consecutive week. Analysts attributed this to expectations of further measures by the Fed following a 50 basis point interest rate cut [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17392,"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":[1191,1145],"class_list":["post-17393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinshares","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17393"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17392"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}