{"id":86079,"date":"2023-10-23T12:15:54","date_gmt":"2023-10-23T09:15:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86079"},"modified":"2025-09-13T03:15:32","modified_gmt":"2025-09-13T00:15:32","slug":"bitcoin-etf-approval-expectations-support-inflows-into-crypto-funds","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-etf-approval-expectations-support-inflows-into-crypto-funds\/","title":{"rendered":"Bitcoin-ETF approval expectations support inflows into crypto funds"},"content":{"rendered":"<p>Inflows into cryptocurrency investment products for 14\u201320 October amounted to $66 million, versus $15.2 million a week earlier. Such figures were provided by analysts <a href=\\\"https:\/\/blog.coinshares.com\/volume-154-digital-asset-fund-flows-weekly-report-8047e8013369\\\">CoinShares<\/a>.<\/p>\n<p>The positive trend extended for a fourth straight week. Total inflows during this period reached $179 million. With improved market conditions, <span data-descr=\\\"assets under management\\\" class=\\\"old_tooltip\\\">AUM<\/span> of the funds rose by 15%, to $33 billion \u2014 the highest since mid-August.<\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-full\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-797.webp\\\" alt=\\\"1-797\\\" class=\\\"wp-image-218573\\\"\/><figcaption class=\\\"wp-element-caption\\\">Data: CoinShares.<\/figcaption><\/figure>\n<\/div>\n<p>Analysts noted that the figures are modest compared with those recorded after <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-files-for-bitcoin-etf-launch\">BlackRock&#8217;s announcement<\/a> of filing to launch the Bitcoin-<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> in June. At that time, inflows over four weeks amounted to $807 million.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>&#8220;This suggests that investors are taking a more cautious approach this time,&#8221;<\/em> explained the analysts.<\/p>\n<\/blockquote>\n<p>84% of total inflows went to Bitcoin-related products (last week: $16.4 million). Year to date, the figure reached $315 million.<\/p>\n<p>Investors allocated $1.7 million to products enabling short exposure on the first cryptocurrency, unchanged from the prior week.<\/p>\n<p>Persisting concerns about Ethereum led to further outflows from related products of $7.4 million (the previous period also -$7.4 million).<\/p>\n<p>In funds based on other altcoins, positive momentum was observed. Once again, Solana-based instruments stood out \u2013 $15.5 million vs $3.7 million a week earlier. Since the start of the year, investors have increased positions by $74 million.<\/p>\n<div class=\\\"wp-block-image\\\">\n<figure class=\\\"aligncenter size-full\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/2-643.webp\\\" alt=\\\"2-643\\\" class=\\\"wp-image-218574\\\"\/><figcaption class=\\\"wp-element-caption\\\">Data: CoinShares.<\/figcaption><\/figure>\n<\/div>\n<p>On October 21, the dominance index of the first cryptocurrency reached 52.76% \u2014<a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-dominance-reaches-two-year-high\"> the highest since April 2021 <\/a>.<\/p>\n<p>Earlier, Matrixport analysts forecast a rise in digital gold as Bitcoin ETF approval would bring it to<a href=\"https:\/\/u1f987.com\/en\/news\/matrixport-etf-approval-could-push-bitcoin-to-56000\">$42,000\u2013$56,000<\/a>. CryptoQuant reported values<a href=\"https:\/\/u1f987.com\/en\/news\/cryptoquant-spot-bitcoin-etf-approval-would-push-bitcoin-to-50000-73000\">$50,000\u2013$73,000<\/a>.<em>\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CoinShares: inflows into cryptocurrency investment products from October 14 to 20 totaled $66 million, versus $15.2 million a week earlier.<\/p>\n","protected":false},"author":1,"featured_media":86080,"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":[18,1191,1285,1145],"class_list":["post-86079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-coinshares","tag-funds","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86079","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=86079"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86079\/revisions"}],"predecessor-version":[{"id":86081,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86079\/revisions\/86081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/86080"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=86079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=86079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=86079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}