Digital Asset Products See $1.35 Billion in Inflows, Extending 3-Week Run to $3.2 Billion
Digital asset investment products saw a substantial inflow of $1.35 billion last week, bringing the total inflows over the past three weeks to an impressive $3.2 billion.
Bitcoin remained a popular choice among investors, attracting $1.27 billion in inflows last week, CoinShares said in a report on Monday.
The report added that short-bitcoin ETPs saw outflows of $1.9 million, resulting in a total outflow of $44 million since March.
Despite this, the outflows represent only 56% of the assets under management (AuM), indicating enduring positive sentiment since the Bitcoin halving event in April.
Alongside the influx of funds, trading volumes of exchange-traded products (ETPs) also experienced a significant surge, rising by 45% week-on-week to reach $12.9 billion.
However, these volumes accounted for a relatively lower 22% of the broader crypto market volumes.
The regional breakdown showed a mixed picture compared to the previous week.
The United States and Switzerland witnessed substantial inflows of $1.3 billion and $66 million, respectively.
On the other hand, Brazil and Hong Kong experienced minor outflows totaling $5.2 million and $1.9 million, respectively.
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