Crypto Blog
Digital Asset Investment products experienced a popularity surge in the past 14 days or so after about 10 weeks of severe drops.
However, this didn’t prevent some investors from capitalizing on Bitcoin’s recent price strength to add to short-Bitcoin positions, which attracted inflows of $1.2 million.coincided with another 37% increase in trading volume for exchange-traded products, which surged to $1.13 billion, suggesting a bullish sentiment within the digital assets market.
The analytical data by Bloomberg and Coinshares indicate that the largest outflow this year was reported at around mid-March, on week 10, at about $260 million. On the contrary, this year’s largest inflow was about $250 million around late June or early July.The newly launched six Ethereum-focused ETFs in the U.S. failed to generate the expected enthusiasm. Despite high anticipation, these ETFs only managed to attract under $10 million in their first week.
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