Editor's PiCK
Inflows into Virtual Asset Investment Products Turn Positive…"$6 Million Net Inflow Last Week"
Summary
- Last week, global virtual asset investment products saw a net inflow of $6 million, indicating increased investment interest.
- Large inflows from countries such as Switzerland, Germany, and Canada, excluding the United States, were significant.
- XRP products recorded an inflow of $37.7 million, showing a positive trend.
Last week, global virtual asset (cryptocurrency) investment products saw a net inflow of $6 million. This marks a shift to inflows after recording net outflows for the previous two weeks.
On the 31st (local time), CoinShares reported this in a report, stating, "Inflow of funds into virtual asset products from countries other than the United States led to the net inflow."
According to the data, there was a net outflow of $71 million from U.S. virtual asset investment products last week. However, large inflows from countries such as Switzerland ($43.7 million), Germany ($22.3 million), and Canada ($940,000) are believed to have offset the outflows.
Global Bitcoin (BTC) products recorded a net outflow of $6 million. Ethereum (ETH) products also saw an outflow of $26.7 million, continuing a negative trend.
However, the flow of XRP products is positive. Last week, XRP products saw an inflow of $37.7 million, recording the largest inflow among all products. The total inflow this year amounts to $214 million.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
