CoinShares: Digital asset investment products have seen $44.5 billion in inflows so far this year, more than four times the amount in any other year

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According to the latest weekly report from CoinShares, digital asset investment products continued to attract inflows last week, reaching a total of $3.2 billion, marking the tenth consecutive week of inflows. Year-to-date, total inflows have reached $44.5 billion, more than four times that of any other year. The average weekly trading volume of ETPs reached $21 billion, accounting for 30% of the total Bitcoin traded on trusted exchanges. On trusted exchanges, Bitcoin trading volume has high liquidity, with an average daily trading volume of $8.3 billion this year, twice that of the FTSE 100 index. In terms of regional capital flows, all regions saw inflows, with a generally positive sentiment overall. The most significant inflows were from the US, Switzerland, Germany, and Brazil, at $3.1 billion, $36 million, $33 million, and $25 million, respectively.

Bitcoin investment products attracted $2 billion in inflows, bringing the total inflows since the US election to $11.5 billion. Although the total assets under management (AuM) remain at a relatively low level of $1.3 billion, the recent price increase has attracted $14.6 million in inflows to Bitcoin short products. Ethereum has attracted inflows for the seventh consecutive week, totaling $1 billion, with a total of $3.7 billion in inflows during these seven weeks, indicating a significant improvement in market sentiment. With the prospect of a US-listed ETF, the Altcoin XRP attracted $145 million in inflows, while Polkadot and Litecoin attracted $3.7 million and $2.2 million, respectively.

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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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