Crypto investment products see largest inflows since July: CoinShares
Cryptocurrency investment products saw inflows for the second consecutive week, totaling $78 million, according to CoinShares. Digital asset investment product s have continued to see significant inflows last week, reaching the highest volume levels since July 2023, according to a new report. Crypto investment products saw inflows for the second consecutive week, totaling $78 million, crypto asset management firm CoinShares reported in its weekly analysis report on Oct. 9. According to CoinShares, the volumes of crypto exchange-traded product s (ETPs) also surged by 37% last week, reaching $1.1 billion. Bitcoin (BTC) volumes also rose 16% on trusted exchanges, the report notes. Solana (SOL), the eighth largest cryptocurrency by market capitalization, has continued to assert itself as the “altcoin of choice” as its weekly inflows reached the highest level since March 2022. At the time of writing, the cryptocurrency is up around 14% over the past 30 days but is still down about 32% ov...