Digital Asset Investment Products See Third Consecutive Week of Inflows

According to PANews, CoinShares' latest weekly report reveals that digital asset investment products experienced a third consecutive week of inflows, totaling $1.2 billion. This trend may reflect ongoing expectations of dovish monetary policy in the United States and related positive price momentum. The total assets under management grew by 6.2% last week. The approval of options for certain U.S. investment products might have boosted market sentiment, although trading volumes did not see a corresponding increase, slightly declining by 3.1% week-over-week. Regionally, market sentiment was polarized. The United States and Switzerland attracted $1.2 billion and $84 million in inflows, respectively, with Switzerland's inflows reaching their highest level since mid-2022. In contrast, Germany and Brazil saw outflows of $21 million and $3 million, respectively. Bitcoin attracted $1 billion in inflows, although this also spurred an additional $8.8 million into short Bitcoin investment products. Ethereum broke a five-week losing streak with $87 million in inflows, marking the first measurable inflow since early August. Conversely, Solana experienced outflows of $4.8 million. Sentiment towards altcoins was mixed, with Litecoin and XRP seeing inflows of $2 million and $800,000, respectively, while BNB and Stacks saw outflows of $1.2 million and $900,000, respectively.