📣 CoinShares weekly report on capital flows into crypto products ( for the past week):



⚫ Total inflow of $1.2 billion.

⚫ Bitcoin inflow of $932.5 million.

⚫ Ethereum inflow of $192.4 million.

🧷Four consecutive weeks of inflows is already a trend, but the volume this week is lower than the previous one, and geopolitics has only quieted down, not gone away. Goldman Sachs has raised its Brent forecast for Q4 to $90 and warns that the economic consequences of the energy shock will run deeper than the oil price suggests—due to product supply shortage risks and the unprecedented scale of what is happening. Institutional investors are moving in, and that’s good, but the world is only just beginning to grasp the consequences of the closure of Ormuz—don’t get complacent.
BTC-1.57%
ETH-2.65%
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