{"id":85244,"date":"2023-10-02T16:47:15","date_gmt":"2023-10-02T13:47:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85244"},"modified":"2025-09-12T22:06:32","modified_gmt":"2025-09-12T19:06:32","slug":"shutdown-fears-spur-inflows-into-crypto-funds","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/shutdown-fears-spur-inflows-into-crypto-funds\/","title":{"rendered":"Shutdown fears spur inflows into crypto funds"},"content":{"rendered":"<p>Fears of a possible <a href=\\\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-01\/senate-clears-bill-to-avert-government-shutdown-sends-to-biden\\\">US government shutdown<\/a> became a catalyst for buying cryptocurrency investment products in the period from 23 to 29 September. Inflows totaled $21 million, according to CoinShares analysts.<\/p>\n<p>Prior to that, there had been negative momentum for <a href=\"https:\/\/u1f987.com\/en\/news\/outflows-from-crypto-funds-continue-for-a-sixth-straight-week\"> six weeks in a row<\/a>.<\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-full\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/22222222.webp\\\" alt=\\\"22222222\\\" class=\\\"wp-image-217036\\\"\/><figcaption class=\\\"wp-element-caption\\\">Data: CoinShares.<\/figcaption><\/figure>\n<\/div>\n<p>Analysts noted that most activity occurred toward the end of the week ahead of the fiscal year-end (30 September). At that time there was still uncertainty about how budget funds would be allocated to continue the operations of the agencies.<\/p>\n<p>An additional driver was an improvement in market conditions for cryptocurrencies.<\/p>\n<p>In Bitcoin funds, inflows of $20.4 million were recorded after a $6 million outflow in the previous reporting period.<\/p>\n<p>Among structures that allow shorting the first cryptocurrency, investors withdrew $1.5 million (weekly prior: $2.8 million).<\/p>\n<p>Altcoin-based products showed mixed dynamics. In Ethereum funds, investors freed up $1.5 million, in the previous week \u2014 $2.2 million. Solana-based products attracted $5.1 million.<\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-full\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/21314.webp\\\" alt=\\\"21314\\\" class=\\\"wp-image-217037\\\"\/><figcaption class=\\\"wp-element-caption\\\">Data: CoinShares.<\/figcaption><\/figure>\n<\/div>\n<p>Solana&#8217;s TVL recently reached a year-to-date high of <a href=\"https:\/\/u1f987.com\/en\/news\/solanas-tvl-hits-a-yearly-high\"> $339 million <\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fears of a possible US government shutdown spurred purchases of cryptocurrency investment products in the period from 23 to 29 September. Inflows totaled $21 million, according to CoinShares analysts.<\/p>\n","protected":false},"author":1,"featured_media":85245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1191,1224,1145,1159],"class_list":["post-85244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinshares","tag-macroeconomics","tag-market-analysis","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85244","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=85244"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85244\/revisions"}],"predecessor-version":[{"id":85246,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85244\/revisions\/85246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/85245"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=85244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=85244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=85244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}