Editor's PiCK

"Last week, $226 million net inflow into virtual asset investment products... for two consecutive weeks"

Source
Son Min

Summary

  • Last week, there was a net inflow of $226 million into global virtual asset investment products, with Bitcoin products recording a net inflow of $195 million.
  • Altcoin investment products also saw a net inflow of $33 million last week, marking the first net inflow in five weeks.
  • By country, the United States had the largest net inflow of $204 million, with Switzerland and Germany also recording net inflows of $14.7 million and $9.2 million, respectively.

Last week, there was a net inflow of $226 million into global virtual asset (cryptocurrency) investment products.

On the 31st (local time), CoinShares revealed this in a report, stating, "There was a net inflow of $195 million into Bitcoin products alone, driving the inflow trend." It added, "Bitcoin short (sell) products recorded a net outflow for the fourth consecutive week, with a net outflow of $2.5 million." However, as the price of Bitcoin has recently fallen, the assets under management (AUM) of global exchange-traded products (ETP) related to Bitcoin have decreased to $114 billion.

Attention was also drawn to the net inflow trend of altcoins. The report stated, "Altcoin investment products recorded a net outflow of $1.7 billion over the past four weeks, but there was a net inflow of $33 million last week," noting it was "the first net inflow in five weeks." Specifically, Ethereum (ETH) investment products saw a net inflow of $14.5 million, while Solana (SOL) and Ripple (XRP) saw net inflows of $7.8 million and $4.8 million, respectively. Sui (SUI) also recorded a net inflow of $4 million.

Source=CoinShares
Source=CoinShares

The United States had the largest net inflow by country. There was a net inflow of $204 million into U.S. virtual asset investment products, while Swiss and German products saw net inflows of $14.7 million and $9.2 million, respectively. On the other hand, Hong Kong and Brazil saw net outflows of $2.1 million and $1.3 million, respectively.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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