CoinShares: Digital Asset Investment Products Saw Inflows of $176 Million Last Week

WikiBit 2023-11-21 11:52

CoinShares: Digital Asset Investment Products Saw Inflows of $176 Million Last Week, Marking Eight Consecutive Weeks of Positive Flows

According to a report from CoinShares, the total inflow of funds into digital asset investment products last week amounted to $176 million, marking the eighth consecutive week of inflows and bringing the total inflow for the year to $1.32 billion.

Among these products, the proportion of Exchange Traded Products (ETPs) in

cryptocurrency

investment products is on the rise, averaging 11%, significantly higher than the long-term historical average of 3.4%, and far surpassing the average during the bull market of 2020/21.

Bitcoin continues to dominate, with an inflow of $155 million, representing 3.4% of the Assets Under Management (AUM) over the past eight weeks.

Additionally, various altcoins saw inflows, with Solana, Ethereum, and Avalanche receiving $13.6 million, $3.3 million, and $1.8 million, respectively. On the other hand, Uniswap and Polygon experienced minor outflows of $0.55 million and $0.86 million, respectively.

Disclaimer：

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.