136 Million Dollars of Activity in Crypto Investment Products

For the three-week running, there was a solid weekly inflow of $136 million into the market for digital asset investment products.

136 Million Dollars of Activity in Crypto Investment Products

According to the most recent report from CoinShares, total inflows into institutional crypto investment products over the past three weeks have reached $470 million, totally balancing the prior nine weeks of withdrawals and producing a net positive inflow of $231 million for the year.

BlackRock’s Application Might Have Moved Things

The change in fortunes is timed to the restarted competition for a spot in Bitcoin ETF, which was sparked by BlackRock‘s submission on June 15. However, trade volumes decreased to $1 billion for the past week from an average of $2.5 billion for the preceding two weeks. This decline in volume may have been caused by seasonal factors, according to CoinShares.