CoinShares Digital Asset Report: ETFs Received $1.1 Billion Inflows Last Week

Crypto News – The crypto asset manager CoinShares said in a report on Monday that the crypto investment products with the biggest inflows last week were spot Bitcoin exchange-traded funds, which were introduced in January.

CoinShares Digital Asset Report: ETFs Received $1.1 Billion Inflows Last Week

CoinShares reported that since their introduction on January 11, Bitcoin ETFs have received inflows of $1.1 billion, bringing their total value to $2.8 billion. The Block’s data indicates that this is the greatest weekly inflow level since the launch of bitcoin spot ETFs.

According to CoinShares, BlackRock and Fidelity have been leading the group with inflows of $693.6 million and $522.6 million, respectively, last week. The majority of inflows went toward Bitcoin-related goods, with Ethereum and Cardano coming in second and third.