CoinShares: Digital asset investment products saw net inflows of $2.2 billion last week

CoinShares’ latest weekly data shows that digital asset investment products saw a further increase of $2.2 billion in inflows last week, bringing total inflows since the first rate cut in September to $11.7 billion, and year-to-date inflows to a record $33.5 billion. Recent market activity, especially Bitcoin’s breakout of all-time highs, pushed total assets under management (AuM) to a new high of $138 billion earlier this week. Ethereum appears to have shaken off negative sentiment, with inflows of $646 million (5% of assets under management), likely due to Justin Drake’s Beam Chain network upgrade proposal and the recent US election. Solana also saw inflows of $24 million.