CoinShares: Digital asset ETP inflows hit a record high of $3.13 billion last week

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According to the report released by the digital asset management company CoinShares on Monday, digital asset investment products saw record-breaking inflows of $3.13 billion last week, bringing the year-to-date net inflows to a record-breaking $37 billion, driven primarily by Bitcoin, far exceeding the $309 million inflows in the first year of the launch of the US gold ETF.

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Source: CoinShares

The net inflows for Bitcoin-related investment products were around $3.07 billion, and at the same time as Bitcoin hit a new all-time high (around $99,600), there was also $10.4 million in inflows to short Bitcoin investment products, with a monthly net inflow of $58 million, the highest since August 2022.

In the Altcoin investment product space, Solana saw net inflows of $16.2 million last week, higher than Ethereum's $2.8 million, but still significantly behind Ethereum in year-to-date data. XRP, Litecoin, and Chainlink also saw notable net inflows of $15.2 million, $4.1 million, and $1.3 million, respectively. Multi-asset investment products, on the other hand, saw net outflows for the second consecutive week, totaling $10.5 million.

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Source: CoinShares

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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