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CoinShares has released its weekly report on financial flows into cryptocurrency investment products from November 11 to 17. Experts reported $176 million in inflows. The positive trend has been recorded for eight weeks in a row.
According to the data, the capital inflow into crypto products related to the first cryptocurrency amounted to $154.7 million over the week. The outflow from products that allow short positions on Bitcoin amounted to $8.5 million.
“We believe that continued positive sentiment is driven by the upcoming approval of a spot Bitcoin ETF in the US,” CoinShares said.
Solana-related products saw $13.6 million in inflows over the week, analysts said, while other altcoin-related products saw minimal gains.
Recall that last week the inflow of funds into cryptocurrency ETPs amounted to $293 million. Also, in the period from November 11 to 18, 27 projects attracted investments totaling $375.9 million.