CoinShares: Digital Asset Investment Products Saw Net Inflows of $619 Million Last Week

According to the latest weekly report from CoinShares, digital asset investment products saw net inflows of $619 million last week, indicating that the initial market reaction to the Iran crisis provided support for this asset class. The first three days of the week saw net inflows of $1.44 billion, but despite the non-farm payroll data being significantly weaker than expected, there were still outflows of $829 million on Thursday and Friday. The report noted that rising oil prices offset the inflation relief expectations that the weak non-farm data could have brought, but the overall data shows generally positive market sentiment during periods of geopolitical tension.

The United States contributed almost all of the positive sentiment, with net inflows of $646 million, while Europe, Asia, and Canada saw outflows of $23.8 million, $2.2 million, and $3.6 million, respectively. Bitcoin saw inflows of $521 million, Ethereum saw inflows of $88.5 million, Solana saw inflows of $14.6 million, Uniswap and Chainlink each saw inflows of $1.4 million, and XRP saw outflows of $30.3 million.