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

Bitcoin falls below $75,000 as the CLARITY Act fails in the Senate — what the vote means for crypto The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Author Suzie

Sep 16, Wed

The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

US to delay new "overcapacity" tariffs on China — what the pause means for trade, inflation and the dollar Washington is expected to hold off announcing new tariffs over Chinese "overcapacity" until after the 24 September summit, according to Bloomberg. The postponed plan would have added 7.5% to Chinese goods, taking second-term US tariffs to around 20%. Here is what is on the table, and what a deal versus no deal would mean for the yuan, Hong Kong equities and the dollar.

Author Mitrade

Sep 18, Fri

Washington is expected to hold off announcing new tariffs over Chinese "overcapacity" until after the 24 September summit, according to Bloomberg. The postponed plan would have added 7.5% to Chinese goods, taking second-term US tariffs to around 20%. Here is what is on the table, and what a deal versus no deal would mean for the yuan, Hong Kong equities and the dollar.

Gold ends three-week slide at the $4,400 line — eight straight days of ETF inflows vs a 5% 10-year and a 100 dollar Spot gold closed Friday at $4,378.39, up 0.84% on the day and about 0.8% for the week — its first weekly gain in four weeks — with the intraday high of $4,399.67 leaving it 33 cents shy of the $4,400 line. Gold ETFs have now logged eight straight sessions of inflows, but with the 10-year back above 5% and the dollar index near 100, here is what decides whether this is a reversal or a bounce.

Author Suzie

Sep 20, Sun

Spot gold closed Friday at $4,378.39, up 0.84% on the day and about 0.8% for the week — its first weekly gain in four weeks — with the intraday high of $4,399.67 leaving it 33 cents shy of the $4,400 line. Gold ETFs have now logged eight straight sessions of inflows, but with the 10-year back above 5% and the dollar index near 100, here is what decides whether this is a reversal or a bounce.

Bitcoin squeezes back above $80,000 — 110,000 traders liquidated as the hawkish Fed and CLARITY setback fail to hold it down; is $83,000 next?Bitcoin closed above $80,000 on Friday for the first time since September 7, and pushed to $81,299 over the weekend, triggering about $603 million of liquidations — $523 million of them shorts — across more than 110,000 traders. With the Fed's hike already priced and the SEC and CFTC advancing crypto rules after the CLARITY Act failed, here is what stands between BTC and the $83,000 gate.

Author Suzie

Sep 20, Sun

Bitcoin closed above $80,000 on Friday for the first time since September 7, and pushed to $81,299 over the weekend, triggering about $603 million of liquidations — $523 million of them shorts — across more than 110,000 traders. With the Fed's hike already priced and the SEC and CFTC advancing crypto rules after the CLARITY Act failed, here is what stands between BTC and the $83,000 gate.

Bitcoin rallies near $86K on improving markets ahead of quarterly options expiry Bitcoin (BTC) market conditions improved over the past week as spot buying pressure strengthened and derivatives positioning increased, pushing the top crypto near $86,000.

Author FXStreet

5 hours ago

Bitcoin (BTC) market conditions improved over the past week as spot buying pressure strengthened and derivatives positioning increased, pushing the top crypto near $86,000.

Popular Symbols