CoinShares: Digital asset investment products received $407 million in inflows last week

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MarsBit
10-14
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CoinShares' latest weekly report shows that digital asset investment products saw inflows of $407 million last week. Bitcoin saw total inflows of $419 million, making it the main beneficiary of recent political changes. In contrast, short-term Bitcoin investment products saw outflows of $6.3 million. Multi-asset investment products have seen inflows for the 17th consecutive week, but the inflow amount was small, at only $1.5 million. Ethereum, on the other hand, has resumed its outflow trend, with outflows of $9.8 million last week.

The weekly inflow of blockchain stock ETFs was one of the largest so far this year, reaching $34 million, which may be a reaction to the recent rise in Bitcoin prices.

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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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