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CoinShares: Last week, digital asset investment products received $130 million in inflows, the first inflow in five weeks
2024-05-13 10:13
Odaily News CoinShares' latest weekly report shows that digital asset investment products saw inflows for the first time in five weeks last week, totaling $130 million. Meanwhile, ETP trading volume continued to decline, with $8 billion this week, compared to an average of $17 billion in April. These volumes indicate that ETP investors are currently less involved in the crypto ecosystem, accounting for 22% of the total trading volume on trusted exchanges worldwide, compared to 31% last month. Regionally, the United States saw the largest inflows, totaling $135 million, and Grayscale had the lowest weekly outflows since January, totaling $171 million. Switzerland saw inflows of $14 million; Hong Kong saw inflows of $19 million, and Canada and Germany saw outflows of $20 million and $15 million, respectively, bringing the total outflows from the two countries to $660 million so far this year. In addition, Bitcoin inflows reached $144 million, and short Bitcoin ETPs saw outflows totaling $5.1 million, bringing the total outflows over the past eight weeks to $18 million.