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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
11/06/2023

Crypto Investment Flows Strongly Rebounding

Crypto investment flows are making a robust comeback, aligning with Bitcoin's impressive recovery momentum in October. Crypto Investment Flows Strongly Rebounding According to CoinShares statistics, inflows into crypto investment products over the past 6 weeks have reached $767 million USD. This marks the highest figure since late 2021, when Bitcoin reached its all-time high of $69,000 USD. Specifically, last week saw inflows totaling $261 million USD, continuing a streak of 5 consecutive wee

Crypto Investment Flows Strongly Rebounding

Crypto investment flows are making a robust comeback, aligning with Bitcoin's impressive recovery momentum in October.

Crypto Investment Flows Strongly Rebounding

According to CoinShares statistics, inflows into crypto investment products over the past 6 weeks have reached $767 million USD. This marks the highest figure since late 2021, when Bitcoin reached its all-time high of $69,000 USD.

Specifically, last week saw inflows totaling $261 million USD, continuing a streak of 5 consecutive weeks of positive net flows.

Weekly net investment flows into cryptocurrency products. Source: CoinShares

Investment flows have predominantly focused on Bitcoin (BTC), with a weekly total of $229 million USD and a year-to-date total of $842 million USD. James Butterfill, Head of Research at CoinShares, attributes this trend to the "frenzy" surrounding Bitcoin ETFs in the U.S. and softer macroeconomic data.

Ethereum (ETH) products attracted $17.5 million USD, the highest since August 2022, after a prolonged period of investor disengagement.

Inflows into individual cryptocurrency products. Source: CoinShares

Notably, Solana (SOL) investment funds reached their highest level in 14 months, with inflows recorded at $11 million USD, followed by Chainlink (LINK) attracting $2 million USD.

Geographically, the U.S. and Germany lead in investment inflows with $156.6 million USD and $63 million USD, respectively.

Crypto investment flows from various countries around the world. Source: CoinShares

Inflow-outflow dynamics serve as indicators reflecting the investment appetite of large institutions. Recent crypto inflows suggest the cryptocurrency industry is gradually recovering from a series of collapses involving major entities like FTX, Terra, among others.