Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Digital asset funds record weekly inflows for first time in five weeks

Source Fxstreet

Investment across digital asset products recorded inflows of $130 million last week.
Hong Kong ETFs record weak inflows after a prior record-breaking week.
The volume of ETPs continues to decrease, recording only $8 billion, less than 50% of the average in April.

CoinShares' weekly digital assets fund flows report on Monday shows that crypto assets have broken a five-week streak of outflows with a $130 million gain. These inflows have largely been triggered by the performance of US Bitcoin ETFs, while Hong Kong ETFs continue to underperform investors' expectations.

Also read: Crypto investment products post outflows for fourth straight week despite ETFs debut in Hong Kong

Digital assets products record inflows

According to CoinShares, digital assets investment products witnessed inflows for the first time in five weeks with a net positive of $130 million. Considering the dominance of the US Bitcoin ETFs, their flows have been responsible for a large portion of the total digital asset product flows.

For example, after beginning the month poorly, Bitcoin recorded $144 million in inflows last week — more than the total net inflow of digital assets products. Outflows in the past weeks were majorly from Bitcoin ETFs.

Read more: Week Ahead: Crypto market eyes a bullish turnaround

Despite the inflows, digital asset exchange-traded products (ETPS) trading volume has decreased significantly compared to April's volumes. Last week, ETPs volume was $8 billion, less than half of the average volume of $17 billion seen in April.

"These volumes highlight ETP investors are participating less in the crypto ecosystem at present, representing 22% of total volumes on global trusted exchanges relative to 31% last month," said CoinShares.

The decline may be due to doubts surrounding the approval of spot ETH ETFs, considering the low interaction of regulators with applications from issuers. If approved, spot ETH ETFs would bring increased inflows to digital assets. However, the market is already acting based on expectations of a potential spot ETH ETF denial.

Also read: Ethereum sustains horizontal trend, sees increased outflows

Meanwhile, Hong Kong ETFs saw only $19 million in inflows "after a prior week of record inflows," stated CoinShares. Compared to investors' expectations, Hong Kong Bitcoin and Ethereum ETFs have underperformed as they've shown little impact in the general market. Canada and Germany, on the other hand, maintained recording outflows, reaching $20 million and $15 million, respectively.

Additionally, Solana investment products recorded nearly $6 million in inflows.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Big Tech's $800 billion AI bill faces its first real test — free cash flow is the judge Alphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.

Author Irene Q.

Oct 26, Mon

Alphabet and Microsoft report after the close on October 28, Amazon on October 29, with hyperscaler AI capex running near $800 billion a year. Meta's negative free cash flow and 9.40% drop on October 22 was the warning; this week's prints decide whether cloud growth and backlog can pay for the buildout. Here are the consensus numbers, the free-cash-flow table and the two-sided test.

Anthropic files for a $2 trillion IPO — the $80.7 billion loss is the decoy, the $450 billion compute bill is the risk Anthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.

Author Irene Q.

Oct 27, Tue

Anthropic publicly filed its S-1 on October 26, revealing $16.29 billion of first-half revenue (+1,304% year over year) and a $80.7 billion net loss — of which $72.4 billion is a non-cash convertible-note charge. The real number is the $450 billion of signed, mostly non-cancelable compute commitments. Here is what the filing says, why NVDA, ARM and MU are the tradeable read-through, and the conditions that decide whether the AI trade passes its first public valuation test.

Fed October Rate Decision Preview: Rate Hike Pause Has Become Consensus, How Will US Stocks, Dollar, and Gold React?The Federal Reserve will announce its October interest rate decision at 14:00 Eastern Time on October 28, and Fed Chair Warsh will hold a press conference at 14:30. Markets currently wide

Author TradingKey

Oct 27, Tue

The Federal Reserve will announce its October interest rate decision at 14:00 Eastern Time on October 28, and Fed Chair Warsh will hold a press conference at 14:30. Markets currently wide

Bitcoin is back above $80,000 — but 75% of the bounce was shorts, not buyers Bitcoin trades at $80,669, back above the $80,000 line after touching $79,145 on October 24. But 75.4% of the last 24 hours of futures liquidations were shorts, CME open interest fell 36,545 BTC in October, and spot ETFs lost $773.5 million on October 22-23. Price is up; positioning is down. Here is why the bounce is a squeeze, and the four things that would make it real.

Author Suzie

Yesterday 05: 54

Bitcoin trades at $80,669, back above the $80,000 line after touching $79,145 on October 24. But 75.4% of the last 24 hours of futures liquidations were shorts, CME open interest fell 36,545 BTC in October, and spot ETFs lost $773.5 million on October 22-23. Price is up; positioning is down. Here is why the bounce is a squeeze, and the four things that would make it real.

Brent's $115 front month sits $4.6 above January — the $14 spread to WTI is the supply-risk premium December Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.

Author Irene Q.

Yesterday 06: 21

December Brent trades at $115.29 while January is $110.71, a $4.58 backwardation. The December Brent-WTI spread is $14.2, versus a $3-5 normal. That gap, not the headline, is where the Middle East supply risk is priced. Here is what the curve says, why the December contract's expiry on October 30 will mechanically cut the headline by $4.6, and the 108.81 neckline that decides the next move.

Popular Symbols