CoinShares: Digital asset products saw $1 billion in inflows last week, ending a five-week streak of net outflows.

According to ME News, on March 2nd (UTC+8), a CoinShares report showed that digital asset products recorded $1 billion in inflows last week, ending a five-week streak of $4 billion in outflows. Market sentiment was supported by weaker prices, a technical rebalancing, and renewed accumulation by whale. From a macro perspective, it's difficult to attribute this shift in sentiment to a single catalyst. However, the previous price weakness, the breach of key technical levels, and the reaccumulation by large Bitcoin holders appear to have contributed to this reversal. On a more specific level, recent discussions with clients have focused almost entirely on finding entry points rather than reducing exposure to the asset class. Bitcoin was the main beneficiary, recording $881 million in inflows, although Bitcoin short-selling products recorded $3.7 million inflows, highlighting the continued divergence in market opinions. Ethereum also recorded $117 million in inflows, the largest since mid-January. Both Ethereum and Bitcoin are still experiencing net outflows year-to-date. Solana recorded $53.8 million in inflows last week, bringing its year-to-date inflows to $156 million. Chainlink recorded a small inflow of $3.4 million, with no significant outflows. (Source: ME)