HawkInsight

  • Contact Us
  • App
  • English

CoinShares: Net inflow of digital asset investment products last week was US$6 million

The Internet reported that according to CoinShares 'latest weekly report data, the inflow of digital asset investment products totaled US$6 million last week. Although inflows were low at the beginning of the week, stronger-than-expected U.S. retail sales data in midweek could trigger a $146 million outflow. From a regional perspective, the United States continues to experience capital outflows, with total capital reaching US$71 million last week. In contrast, market sentiment was more positive in Europe and Canada, with inflows of $43.7 million to Switzerland,$22.3 million to Germany and $9.4 million to Canada respectively. The largest outflow of funds this week was Bitcoin, with only $6 million flowing out at the end of the week. Bitcoin short investment products also experienced an outflow of US$1.2 million, the outflow for the seventh consecutive week, totaling US$36 million, accounting for 40% of its total assets under management. Ethereum continued to slump, with a net outflow of US$26.7 million last week. In the past eight weeks, the total outflow has reached US$772 million. Despite this, Ethereum still ranks second in net inflows so far this year, reaching US$215 million.

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.

NewFlashHawk Insight
More