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CoinShares: Digital asset investment product inflows reached $708 million last week, reaching $1.6 billion year to date
2024-02-05 12:06
Odaily News According to the latest weekly report released by CoinShares, the total inflow of digital asset investment products last week reached US$708 million, bringing the year-to-date capital inflow to US$1.6 billion, and the total global assets under management reached US$53 billion. ETP trading volume fell to $8.2 billion from $10.6 billion the previous week, but was still well above the 2023 weekly average of $1.5 billion. These volumes account for 29% of the total Bitcoin trading volume on trusted exchanges. Bitcoin inflows totaled $703 million last week, accounting for 99% of total inflows. There was a small outflow of funds shorting Bitcoin, totaling $5.3 million. Solana saw inflows of $13 million last week, surpassing Ethereum and Avalanche, which saw outflows of $6.4 million and $1.3 million respectively last week.