According to the CoinShares weekly report, digital asset investment products last week saw inflows for the first time in five weeks, with a total of $130 million. However, ETP trading volume continued to decline, with trading volume this week at $8 billion, compared to an average of $17 billion in April.
The United States saw the largest inflows, totaling $135 million, while Grayscale saw its lowest weekly outflows since January, totaling $171 million. Switzerland saw inflows of $14 million. After the previous week's record inflows, Hong Kong saw inflows of just $19 million, indicating that most of the money in the first week after the launch of the Bitcoin ETF was seed funding.
Bitcoin inflows reached $144 million. Outflows from short Bitcoin ETPs totaled $5.10 million, bringing outflows over the past eight weeks to $18 million.
CoinShares: Digital asset investment product inflows totaled $130 million last week
2024-05-13 10:10:58
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