Billion Dollars Entered Funds After Spot Bitcoin ETFs Approved

According to the report of investment firm CoinShares, $1.18 billion entered cryptocurrency investment instruments last week.

Transaction volume of cryptocurrency investment instruments, last week $17.5 billion He broke the all-time record with . In 2022, an average weekly volume of $2 billion was being recorded.

Even though a net $1.18 billion entered the funds last week, once Bitcoin futures ETFs are approved later in October 2021 broken 1.5 billion dollars The record could not be broken.

Although $1.24 billion entered US-based investment instruments, there were outflows from funds in Canada, Germany and Sweden. According to the CoinShares team, this means investors From Europe to the USA It may be due.

All week long from Grayscale Investments’ fund $579 million There was a clear output. Grayscale’s fund management fee is different from issuers such as BlackRock, which keep the rate at 0.25%. at 1.5%.

While $1.14 billion entered Bitcoin funds, Ethereum, Solana, Litecoin, XRP, Cardano and Polkadot products also showed weekly growth.

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