According to CoinShares' latest weekly report, inflows into digital asset investment products totaled $176 million last week. ETP trading activity was much higher than usual, at $19 billion this week, compared to an average weekly volume of $14 billion so far this year.
Ethereum attracted $155 million in inflows last week. That brought its year-to-date inflows to $862 million, the highest level since 2021, thanks largely to the recently launched U.S. spot ETF.
Bitcoin saw outflows at the start of the week, but saw large inflows in the final days, bringing total inflows for the week to $13 million. Short Bitcoin ETPs saw their largest outflows since May 2023, totaling $16 million (23% of assets under management), bringing assets under management for short positions to their lowest level since the start of the year, indicating a large number of investors exiting.
CoinShares: Digital asset investment products flowed into $176 million last week
2024-08-12 09:26:23
Coinshares latest weekly report display weeks assets investment products inflowdesk3cryptocurrencydesktopCrypto News
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