CoinShares: Last week, digital asset investment products saw an inflow of 176 million US dollars
According to the latest weekly report from CoinShares, the total inflow of digital asset investment products last week reached $176 million. The trading activity of ETP was much higher than usual, with this week at $190 billion and the average weekly trading volume so far this year at $140 billion. Ethereum attracted an inflow of funds worth $155 million last week. This has brought its total fund inflows for the year to date to $862 million, setting a new high since 2021, mainly due to the recently launched US spot ETFs. Bitcoin initially saw outflows earlier this week but experienced a large influx in the final few days, bringing its total inflows for this week to $13 million. Short Bitcoin ETP had its largest outflow since May 2023 totaling $16 million (23% of managed assets), reducing short positions' managed assets to their lowest level since early this year, indicating that many investors have exited.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst: U.S. election could have more impact on markets than monetary policy
A whale raised about 363,000 LINKs worth about $3.81 million from cex
US stocks lower, S&P 500 down 0.45 per cent
US 10-year Treasury yields fall to lowest level since June 2023
