{"id":86654,"date":"2023-11-06T16:12:35","date_gmt":"2023-11-06T14:12:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86654"},"modified":"2025-09-13T06:58:27","modified_gmt":"2025-09-13T03:58:27","slug":"crypto-funds-attract-inflows-for-a-sixth-consecutive-week","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/crypto-funds-attract-inflows-for-a-sixth-consecutive-week\/","title":{"rendered":"Crypto funds attract inflows for a sixth consecutive week"},"content":{"rendered":"<p>Net inflows into digital-asset investment products for the period through November 3 totalled $261 million, after a record $326 million in July 2022 the previous week. The figures come from <a href=\"https:\/\/blog.coinshares.com\/volume-156-digital-asset-fund-flows-weekly-report-5c181a52ce1a\">CoinShares<\/a>.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-811.webp\" alt=\"1-811\" class=\"wp-image-219454\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<\/div>\n<p>The positive trend extended to a sixth consecutive week. Over this period, investors allocated $767 million.<\/p>\n<p>Year-to-date total stands at $847 million, compared with $736 million for all of 2022. The current pace of inflows is the strongest since the bull market ended in December 2021.<\/p>\n<p>Analysts cited expectations for the approval of a spot<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> based on digital gold, and macro data that raised questions about the rationale for continuing the Fed&#8217;s aggressive monetary policy.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-653.webp\" alt=\"2-653\" class=\"wp-image-219455\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<\/div>\n<p>87.6% of total inflows ($228.9 million) went to Bitcoin-related products (the previous week \u2014 $296.3 million). Year-to-date, the figure has reached $842 million.<\/p>\n<p>Into structures enabling short exposure to the first cryptocurrency, clients of asset managers invested $4.5 million ($15.4 million the previous week).<\/p>\n<p>Ethereum-focused funds attracted $17.5 million, the highest since August 2022 (the previous period recorded an outflow of $6 million).<\/p>\n<p>Solana-based instruments again stood out, attracting $11 million versus $23.9 million the previous week. Since the start of the year, investors have increased positions by $109 million.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-653.webp\" alt=\"2-653\" class=\"wp-image-219455\"\/><figcaption class=\"wp-element-caption\">Data: CoinShares.<\/figcaption><\/figure>\n<\/div>\n<p>Co-founder and CEO of the decentralized derivatives exchange SynFutures, Rachel Lin <a href=\"https:\/\/u1f987.com\/en\/news\/opinion-bitcoin-could-reach-47000-by-the-end-of-november\">forecasted<\/a> that the price of digital gold would reach $47,000 by the end of November 2023.<\/p>\n<p>Earlier, Bernstein analysts <a href=\"https:\/\/u1f987.com\/en\/news\/bernstein-forecasts-bitcoin-to-reach-150000-by-2025\">pointed<\/a> to $150,000 as a target for Bitcoin by January 2025, following the approval of spot Bitcoin-<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> in the US.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CoinShares: inflows into cryptocurrency investment products from October 28 to November 3 totaled $261 million, after a record $326 million in July 2022 the previous week.<\/p>\n","protected":false},"author":1,"featured_media":86655,"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-86654","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":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86654","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=86654"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86654\/revisions"}],"predecessor-version":[{"id":86656,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86654\/revisions\/86656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/86655"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=86654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=86654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=86654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}