Digital Asset Products See $176M in Inflows, Ethereum Leads the Pack
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
The digital asset market saw a significant rebound last week, with investment products drawing in $176 million in inflows as investors capitalized on recent price dips.
The influx comes after a period of market correction that had slashed the total Assets under Management (AuM) in these products by over $20 billion, bringing them down to $75 billion, according to a report from CoinShares.
However, a subsequent recovery has since pushed the AuM back up to $85 billion.
Trading activity in Exchange-Traded Products (ETPs) surged during this period, with $19 billion in transactions recorded, well above the year-to-date weekly average of $14 billion.
The increased trading volume suggests heightened investor interest and activity following the recent market downturn.
“Unusually, every region saw inflows last week suggesting unanimous positive sentiment towards the asset class following the recent price correction,” the report said.
The United States led the charge with $89 million in inflows, followed by Switzerland ($20 million), Brazil ($19 million), and Canada ($12.6 million).
Despite this optimism, the U.S. remains the only country to have experienced net outflows for the month, totaling $306 million.
According to CoinShares, digital asset investment products saw net inflows of $176 million last week as investors viewed recent price weakness as a buying opportunity. Ethereum saw inflows of $155 million, bringing year-to-date inflows to $862 million, the highest level since…
It is worth noting that Ethereum emerged as the primary
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