Crypto exchange-traded products bought over $300 million of digital assets during the week of October 27, the largest inflow since July 2022.
Crypto exchange-traded products saw $326 million in inflows during the week ending October 27, according to a report from CoinShares.Crypto exchange-traded products saw their largest weekly inflows in more than a year, according to an October 30 report from asset management platform CoinShares.
An ETP “inflow” occurs when the fund’s price rises faster than its underlying asset, which causes the fund to buy the asset. This is generally seen as bullish for the underlying asset. By contrast, an “outflow” occurs when the fund has to sell the asset because the prices of their notes or shares are declining relative to their target, which is usually seen as bearish.
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