Digital Asset Investment Products Experience 11 Straight Weeks of Inflows: CoinShares
Digital asset investment products have seen continuous inflows for the eleventh consecutive week, according to CoinShares, a digital assets manager. The latest fund flows report from CoinShares reveals that these investment products received over $40 million in inflows last week.
CoinShares notes that while Bitcoin (BTC) led the inflows with $20 million, altcoins Solana (SOL) and Avalanche (AVAX) are becoming popular choices among institutions. Solana and Avalanche saw inflows of $3 million and $2 million respectively, solidifying their position in the altcoin space.
Ethereum (ETH) also experienced its sixth consecutive week of inflows with $10 million. Other cryptocurrencies such as Litecoin (LTC) and XRP brought in $0.7 million and $0.8 million respectively.
Additionally, the report highlights a strong regional bias in last week’s inflows. Europe dominated with $43 million of inflows, while the US saw only $14 million. Hong Kong experienced outflows totaling $8 million, and Brazil had minor outflows of $4.6 million.
Hot Take: Crypto Inflows Continue for 11th Week
CoinShares’ latest report reveals that digital asset investment products have witnessed 11 straight weeks of inflows, although last week’s inflow total declined compared to previous weeks. Bitcoin remains popular among investors, but Solana and Avalanche are gaining traction as altcoin favorites. Ethereum also continues to attract investments. Europe leads in terms of regional inflows, while the US has lower numbers. Hong Kong experienced outflows for the second consecutive week, and Brazil saw minor outflows. These consistent inflows indicate continued investor interest in cryptocurrencies as they seek exposure to this growing asset class.
By
By
By
By