Odaily Planet Daily News CoinShares latest weekly report shows that the inflow of digital asset investment products last week was 136 million US dollars, bringing the inflow in the past 3 consecutive weeks to 470 million US dollars, completely correcting the outflow in the first 9 weeks, and bringing the year-to-date net inflow to 231 million US dollars . Deal volumes have slowed, however, with investment products totaling $1 billion this week, compared to an average of $2.5 billion in the previous two weeks.
Bitcoin inflows totaled $133 million last week, while shorts saw $1.8 million in outflows for the 11th straight week, a further sign that investors are currently favoring the asset over altcoins.
Ethereum’s inflows totaled $2.9 million last week, but benefited only slightly from improved investor sentiment. Inflows over the past 3 weeks represent just 0.2% of total assets under management (AuM), compared to 1.9% for Bitcoin, and remain in negative net flow conditions of $63 million year-to-date. Nonetheless, short ETH did see a small outflow of $300,000.
A range of altcoins saw inflows into Solana, XRP, Polygon, Litecoin and Aave, while Cosmos and Cardano saw small outflows.
Blockchain stocks saw their biggest inflows in a year, totaling $15 million.
Miyuki
