CoinShares reports total 2023 inflows now exceed 2022

[ad_1]

A report released by CoinShares, Europe’s leading alternative asset management company, on November 6 shows that the current total inflow of digital asset investment products is US$261 million.

This is the sixth consecutive week of inflows, totaling $767 million, surpassing 2022’s total inflows of $736 million.

Bitcoin still leads

as part of that reportBitcoin accounted for the majority of inflows, totaling $229 million, bringing the world’s largest cryptocurrency’s year-to-date inflows to $842 million. CoinShares said the move could be attributed to the possible launch of a spot-based ETF in the United States.

When comparing the data by region, CoinShares’ prediction was correct, as the United States led all regions in inflows at $157 million, followed closely by Germany, Switzerland, and Canada.

Meanwhile, Ethereum has also generated investor excitement, with inflows of $17.5 million, the largest since August 2022.

Building on earlier numbers

This is based on an October 30 report, which also noted that digital asset inflows were the highest since 2022, totaling $326 million. As interest in spot Bitcoin ETFs continues to grow, it’s no surprise that this number continues to improve week by week.

Just three days ago, Valkyrie’s McClurg also expressed her optimism that approval is expected in November 2023, adding to investor excitement.


Follow us on Google News

[ad_2]

Source link

Related Posts

NEAR and Polygon collaborate on zero-knowledge proof innovation

[ad_1] The NEAR Foundation has partnered with Polygon Labs to develop zkWASM, a cutting-edge zero-knowledge solution that enhances the interoperability and security of WASM chains. The NEAR…

Amazon, Olympus challenges OpenAI, Microsoft’s AI dominance

[ad_1] Amazon, Olympus challenges OpenAI, Microsoft’s AI dominance AmazonThe world’s largest online retail and technology provider, through its web services arm AWS (Amazon Web Services), recently revealed…

Financial giant Fidelity responds to 9 common misconceptions and criticisms about Bitcoin

[ad_1] Financial services giant Fidelity has addressed nine common criticisms and misconceptions about Bitcoin, highlighting that some of them are “unfounded or unlikely to be…

Third-quarter profits lower, revenue higher, according to Investing.com

[ad_1] ©Reuters. Lyft reports: Third-quarter profits down, revenue up Investing.com – Lyft (NASDAQ: ) on Wednesday reported third-quarter results that missed analysts’ expectations and revenue that beat…

CEHV partners say future uncertain during Genesis shutdown

[ad_1] Many analysts are speculating on the outcome of the spot Bitcoin ETF race, and CEHV partner Adam Cochran shared his views in a Nov. 8 X…

Second-quarter profits lower, revenue higher, according to Investing.com

[ad_1] ©Reuters. Take-Two reports: Second-quarter profits fall, revenue rises Investing.com – Take-Two (NASDAQ: ) on Wednesday reported second-quarter results that missed analysts’ expectations and revenue that beat…

Trả lời

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *