Digital asset investment products received a total of $326 million in inflows, marking the highest weekly influx since July 2022. Bitcoin dominated the total, accounting for 90% of the total at $296 million. The asset manager speculated that the rising optimism from investors that the US Securities and Exchange Commission would approve a spot-based Bitcoin ETF in the country could be the reason behind the massive inflows. The recent surge in prices led to an influx of $15 million into short Bitcoin investment products. Meanwhile, Solana led the pack among altcoins with inflows of $24 million.
Source: Chayanika Deka, 2023-11-01; https://cryptopotato.com/bitcoin-dominates-institutional-inflows-on-the-back-of-recent-btc-price-rally/