CoinShares: Digital asset investment products saw a net inflow of $1.98 billion last week

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PANews
11-11
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According to the latest weekly report from CoinShares, digital asset investment products saw inflows of $1.98 billion after the US election, driving global AUM to a new high of $116 billion, with five consecutive weeks of net inflows. Regional inflows were mainly concentrated in the US ($1.95 billion), with Switzerland and Germany also seeing inflows of $23 million and $20 million respectively. Bitcoin's performance was strong, attracting $1.8 billion in inflows, with cumulative inflows of $9 billion since the Federal Reserve's first rate cut in September, influenced by the macroeconomic environment and changes in US politics. Ethereum saw inflows of $157 million last week, the largest inflow since the ETF listing in July, indicating an improvement in market sentiment. In addition, other mainstream tokens such as ($3.9 million), ($1 million) and ($0.5 million) also received some inflows, and blockchain-related stock inflows reached $61 million.

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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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