There was an increase in digital asset investment products last week, with a total inflow of 21 million dollars for the first time in the last 6 weeks. While it was thought that outflows would continue at the beginning of the week, the situation changed especially on Friday. CoinShares attributed the reasons for this shift to positive price momentum, concerns about US government debt prices, and the recent impasse regarding government financing. 📈
In CoinShares' 'Digital Asset Fund Flows Weekly Report', it was stated that Bitcoin saw the majority with a total inflow of $20 million last week. In contrast, short-term Bitcoin positions continued to experience outflows, rising to $1.5 million last week. These outflows totaled $85 million since April. 💸
The altcoin market has remained relatively quiet, but Solana stood out with $5 million inflows and its 27th week of positive activity, recording just four weeks of outflows this year. This performance positions Solana as the “most loved altcoin” of the year. 😍
On the other hand, Ethereum solidified its position as the “least loved altcoin” for the seventh week in a row with an outflow of $1.5 million. The regional sentiment split remained largely unchanged from the previous week.
In its latest report, the asset manager noted that the trend of regional separation continues. While there was a total outflow of $19 million in the USA last week, Europe and Canada experienced inflows of $23 million and $17 million, respectively.
Despite the recent price increase, transaction volumes remain seasonally low in both the investment products market and the general cryptocurrency market.
In CoinShares' 'Digital Asset Fund Flows Weekly Report', it was stated that Bitcoin saw the majority with a total inflow of $20 million last week. In contrast, short-term Bitcoin positions continued to experience outflows, rising to $1.5 million last week. These outflows totaled $85 million since April. 💸
The altcoin market has remained relatively quiet, but Solana stood out with $5 million inflows and its 27th week of positive activity, recording just four weeks of outflows this year. This performance positions Solana as the “most loved altcoin” of the year. 😍
On the other hand, Ethereum solidified its position as the “least loved altcoin” for the seventh week in a row with an outflow of $1.5 million. The regional sentiment split remained largely unchanged from the previous week.
In its latest report, the asset manager noted that the trend of regional separation continues. While there was a total outflow of $19 million in the USA last week, Europe and Canada experienced inflows of $23 million and $17 million, respectively.
Despite the recent price increase, transaction volumes remain seasonally low in both the investment products market and the general cryptocurrency market.