CoinShares: Digital asset investment products received $226 million in inflows last week

avatar
PANews
03-31
This article is machine translated
Show original

PANews reported on March 31 that according to the latest weekly report from CoinShares, digital asset investment products recorded a capital inflow of $226 million last week, indicating that investor sentiment is positive but still cautious. Altcoins recorded a capital inflow of $33 million for the first time after four consecutive weeks of capital outflows (totaling $1.7 billion). The main beneficiaries were Ethereum ($14.5 million), Solana ($7.8 million), XRP ($4.8 million), and Sui ($4 million).

Bitcoin recorded a capital inflow of $195 million last week, while investment products shorting Bitcoin experienced a capital outflow of $2.5 million for the fourth consecutive week. Due to recent price declines, the total managed assets of global Bitcoin ETPs dropped to $11.4 billion, the lowest level since the US election.

In terms of regional data, capital inflows were $204 million in the United States, $14.7 million in Switzerland, and $9.2 million in Germany. Hong Kong ($2.1 million) and Brazil ($1.3 million) experienced small capital outflows.

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
Followin logo