NFT News Daily Today TheBitTimes.com

Bitcoin products saw $55.3 million in inflows, short bitcoin products recorded $1.7 million. BTC price rose to highs above $35k amid speculation around a spot Bitcoin ETF. In altcoins, Solana (SOL) saw inflows of $15.5 million but Ethereum saw $7.4 million in outflows. Crypto products have registered institutional inflows for a fourth consecutive week, with Bitcoin seeing the most inflows amid its recent price spike. Today, the leading digital asset saw its price rise sharply to above $35k, suggesting the trend is likely to continue as sentiment slowly shifts towards a solid bullish outlook. $66 million in inflows last week It appears institutional appetite for crypto investment products is hitting new levels as more people pour money into crypto funds. A report by digital asset manager CoinShares shows that cryptocurrencies are on a four-week streak of inflows, with Bitcoin accounting for the largest share of that with 84%. While Bitcoin products recorded...

Concerns regarding a possible US government shutdown catalyzed purchases of cryptocurrency investment products between Sept. 23 and 29.  According to CoinShares, the inflow to digital asset investment products reached $21 million last week. Experts indicated that the main activity occurred at the end of the week before the end of the financial year. At that time, there was still no certainty regarding the distribution of budget funds to continue the work of the departments. “The recent regional divergence persists, with the US seeing outflows totaling US$19m last week, while Europe and Canada saw inflows of US$23m and US$17m, respectively.” CoinShares report Bitcoin (BTC) funds recorded an inflow of $20.4 million after an outflow of $6 million in the previous reporting period. From structures that allow opening shorts on the first cryptocurrency, investors withdrew $1.5 million (a week earlier, $2.8 million). Source: CoinShares Altcoin-based products showed m...