Ethereum News Daily TheBitTimes.com

Inflows in crypto currency investment products from October 7 to October 13 reached $15.2 million, compared to $78.4 million a week earlier.  According to CoinShares analysts, the amount was 27% below the 2023 average. Experts explained that the data provided does not include positive news for digital gold regarding the SEC’s refusal to appeal the court’s decision in the case of converting the Grayscale Bitcoin Trust into an ETF. Such developments have increased the chances of the product launch, according to market observers. Bitcoin (BTC) funds recorded an inflow of $16.4 million compared to $42.7 million in the previous reporting period. Investors invested $1.7 million in products that allow opening shorts on the first crypto currency (a week ago it was $1.2 million). Source: CoinShares Meanwhile, investors withdrew $7.4 million from Ethereum (ETH) funds . The previous week, against the backdrop of the start of trading in Ethereum-ETF futures, there was an influx of $10.2 ...

However, Ethereum saw outflows in the amount of $2 million and remains the asset with the most outflows year-to-date. Bitcoin continues to shoulder the market, as digital asset inflows saw positive movement for the fourth consecutive week, with $137 million incoming.  According to CoinShares, this brings the four-week total to $742 million — correcting the nine weeks’ worth of outflows before the streak began and marking the largest inflow run since the fourth quarter of 2021. The continuing positive momentum might be attributed to several factors, including a recent partial victory for the crypto community in the form of a legal decision in the Securities and Exchange Commission v. Ripple lawsuit. Related: SEC could be waiting ‘years’ to file appeal in Ripple case — Brad Garlinghouse The XRP (XRP) token soared on news of the ruling, and the market followed suit with a week of activity that received an overall rating of 56 on the “Fear and Greed Index” for crypto currency — an indica...