CoinShares: Digital asset investment products flowed into $407 million last week
According to CoinShares' latest weekly report, digital asset investment products saw inflows of $407 million last week. Bitcoin inflows totaled $419 million, making it the main beneficiary of recent political changes. In contrast, short-term bitcoin investment products saw outflows of $6.30 million. Multi-asset investment products saw inflows for the 17th consecutive week, but the inflows were small, only $1.50 million. Ethereum resumed its outflow trend, with a total of $9.80 million last week.
Weekly inflows into blockchain equity ETFs were one of the largest this year, totaling $34 million, likely in response to the recent rise in bitcoin prices.