Digital asset investment products have rebounded with renewed inflows, marking a notable shift after an 11-week stretch of positive cash flows was interrupted. According to insights from James Butterfill, CoinShares’ Head of Research, the overall net inflows for the last week amounted to $103 million.
Bitcoin Leads the Way with a Robust 87.6 Million Dollars Inflow
Unsurprisingly, Bitcoin investment products led the way with the highest capital inflow, reporting a net increase of $87.6 million during this period. Additionally, short-bitcoin products saw a minor inflow of $0.3 million.
Positive activity extended to Ethereum investment products, which recorded a net inflow of $7.9 million, while Solana investment products attracted a net influx of $6 million. However, among the altcoins, Avalanche and Litecoin were exceptions, both experiencing outflows of $2.6 million and $0.4 million, respectively, over the past week.
Digital Asset Resurgence: Bitcoin Leads the Pack with 87.6 Million dollars Inflows
Geographically, Germany, Canada, and the USA emerged as the leading countries in terms of investment, with inflows of $41.6 million, $25.8 million, and $20.4 million, respectively. Switzerland, Brazil, Australia, and France followed with inflows of $15 million, $8 million, $1.2 million, and $0.3 million, respectively. In contrast, Sweden faced outflows amounting to $8.7 million.
These latest figures indicate a mild recovery from the previous CoinShares report, which marked the end of an 11-week streak of positive cash flows for digital asset investment products, concluding with withdrawals totaling $16 million. Notably, Bitcoin bore the brunt of this period, experiencing significant outflows of $33 million. While most altcoins defied the trend and recorded inflows, products centered around Ethereum and Avalanche witnessed modest declines.
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