Crypto-based Investment Products Bring in $321M
Last week, crypto products had $321 million in inflows, with the exception of Ethereum (ETH) funds which saw negative net flows of $28.5 million.
Last week, crypto products had $321 million in inflows, with the exception of Ethereum (ETH) funds which saw negative net flows of $28.5 million.
According to Andrew Vranjes, Head of International and VP at Blockdaemon, regulators in Hong Kong are expected to approve the inclusion of staking features in spot Ethereum exchange-traded funds (ETFs) this year.
There was a significant increase in net inflows for the 12 spot Bitcoin ETFs on September 17.
Based on the latest report from CoinShares, last week saw a $436 million increase in investment in digital assets through various products.
On Wednesday, the U.S. saw a significant decrease in net inflows for Bitcoin exchange-traded funds (ETFs), with a total of $43.97 million in outflows. This broke a two-day streak of positive inflows.
State Street Global Advisors and Galaxy Digital have teamed up to launch three exchange-traded funds (ETFs) that offer investment opportunities in companies related to blockchain technology and cryptocurrencies.
Investment firm VanEck on Friday announced its intention to close and liquidate its Ethereum futures ETF (EFUT).

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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