CoinShares: Digital asset investment products saw an inflow of $176 million last week, marking eight consecutive weeks of inflows

Odaily News CoinShares report shows that the total inflow of digital asset investment products last week was US$176 million, with capital inflows for 8 consecutive weeks, bringing the total inflow year-to-date to US$1.32 billion. Among them, the proportion of ETPs in crypto investment products is rising, with an average of 11%, while the long-term historical average is 3.4%, which is much higher than the average level of the 2020/21 bull market. Bitcoin continues to dominate, with inflows reaching $155 million, accounting for 3.4% of AUM over the past eight weeks. In addition, various altcoins have seen inflows of funds, with Solana, Ethereum and Avalanche seeing inflows of US$13.6 million, US$3.3 million and US$1.8 million respectively; Uniswap and Polygon saw small outflows of US$550,000 and US$860,000 respectively.