CoinShares: Last week, digital asset investment products had a net inflow of $1.3 billion, marking five consecutive weeks of inflows

avatar
MarsBit
02-10
This article is machine translated
Show original
According to the latest weekly report from CoinShares, digital asset investment products saw inflows for the 5th consecutive week last week, totaling $1.3 billion, bringing the year-to-date inflows to $7.3 billion. The recent price decline has caused the total assets under management of ETPs to drop from the record high of $181 billion at the end of January to $163 billion. Trading volume remained stable at $20 billion this week. Bitcoin saw inflows of $407 million, with global ETPs currently accounting for 7.1% of the current market capitalization. This week, Ethereum became the focus, with its price recently dropping to around $2,100, triggering a large amount of buy-the-dip activity, with inflows reaching $793 million, surpassing Bitcoin for the first time this year. Other notable inflows were for XRP and Solana, at $21 million and $11 million respectively. Blockchain equities also saw inflows of $33 million, bringing the year-to-date inflows to $194 million.

Source
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.
Like
Add to Favorites
Comments