Last week, global digital asset (cryptocurrency) investment products saw a net inflow of $3.3 billion (4.5817 trillion won). On the 15th (local time), CoinShares said in a report, "Last week digital asset investment products saw a net inflow of $3.3 billion," and added, "weaker-than-expected U.S. employment data affected the inflows." It went on to say, "Buoyed by the market upswing, total assets under management (AUM) of global digital asset investment products reached $239 billion," adding, "this is close to the record high of $244 billion recorded in August." By asset, Bitcoin (BTC) products ranked first with an inflow of $2.4 billion. It was the largest weekly inflow since July. In contrast, short (sell) Bitcoin products saw outflows, with AUM falling to $86 million. Ethereum (ETH) saw inflows of $646 million. The report said, "Ethereum recorded net inflows for four consecutive trading days," and assessed that "investors' buying sentiment is recovering." Major altcoins showed good momentum. Solana (SOL)-based investment products saw a net inflow of $198.4 million last week. In particular, on the 12th (local time) an all-time daily high of $145 million flowed in. XRP also showed strong flows, with $32.5 million coming in. Sui (SUI) and Chainlink (LINK) saw inflows of $14 million and $1.5 million, respectively. By country, inflows from the U.S. were strong. About $3.2 billion flowed into U.S.-based digital asset products alone, while Germany and Canada saw inflows of $160.2 million and $14.1 million, respectively. Conversely, Switzerland and Sweden saw outflows of $92.1 million and $5.6 million, respectively.
September 15PiCK