CoinShares Reports Increase in Investor Bullishness
Key Points:
– Total inflow of $125 million in the past week, with $334 million in the last fortnight.
– Bitcoin remains the primary choice for investors, with a $123 million inflow over the past week.
– Short-Bitcoin investment products experienced a tenth consecutive week of outflows, representing 59% of AuM.
– Altcoins like Ethereum, Cardano, Polygon, and XRP also saw inflows.
– Blockchain equities have seen a resurgence, with inflows of $6.8 million.
Hot Take:
The significant increase in investor bullishness towards digital assets, as reported by CoinShares, highlights the growing confidence in the crypto industry. Bitcoin continues to dominate as the preferred investment choice, while altcoins and blockchain equities also attract attention. Despite short-Bitcoin investment products experiencing outflows, it remains one of the best-performing assets in terms of year-to-date inflows. The surge in digital asset investment and blockchain equities, along with a total AuM reaching its highest level since early June 2022, indicates a positive outlook for the crypto market.
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