Editor's PiCK
Last Week's Digital Asset Investment Products See $3.2 Billion Inflows... 10 Consecutive Weeks of Inflows
Summary
- It was reported that digital asset investment products have seen a net inflow of $3.2 billion for 10 consecutive weeks.
- Last week, Bitcoin investment products saw an inflow of $2 billion, and Ethereum saw an inflow of $1 billion.
- With growing ETF expectations, Ripple investment products also saw an inflow of $145 million.
Last week, digital asset investment products saw an inflow of $3.2 billion.
On the 16th, the cryptocurrency management company CoinShares reported in its 'Weekly Digital Asset Investment Product Fund Flows' report that "digital investment products saw a net inflow of $3.2 billion last week, marking the 10th consecutive week of inflows." Digital investment products have seen a net inflow of $44.5 billion this year.
The report analyzed, "Last week, Bitcoin (BTC) investment products saw an inflow of $2 billion," adding, "Bitcoin investment products have seen a total net inflow of $11.5 billion since the U.S. presidential election." It continued, "Ethereum (ETH) saw a net inflow of $1 billion, with funds flowing in for seven consecutive weeks. Investor sentiment towards Ethereum has dramatically improved."
The report further added, "With rising expectations for ETFs in the U.S., Ripple (XRP) investment products also saw an inflow of $145 million."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
