CoinShares: Digital asset investment products flowed into $308 million last week
The Internet reported that according to CoinShares 'latest weekly report data, digital asset investment products continued to flow in last week, totaling US$308 million. Although the largest one-day outflow on December 19 totaled $576 million, the total outflow in the last two days of last week was $1 billion. Recent price adjustments have led to a $17.7 billion reduction in total assets under management (AuM) for digital assets ETP, which may be a response to the hawkish dot chart released by the FOMC on Wednesday. Bitcoin still recorded net inflows this week, totaling US$375 million, while there was less activity among short Bitcoin investors. Ethereum received an inflow of $51 million, while Solana received an outflow of $8.7 million. The largest outflow was from multi-asset investment products, with $121 million outflow last week. However, many altcoins are still flowing in, such as XRP ($8.8 million), Horizen ($4.8 million) and Polkadot ($1.9 million), indicating that investors prefer a more selective approach.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.