Digital Asset Investment Products saw Inflows Totaling $127M Last Week, according to CoinShares
Digital asset still has the belief of investors
According to a CoinShares’ report released on March 7, digital asset investment products saw inflows totaling $127m last week, an uptick on the previous week, suggesting investors remain supportive of digital assets despite the recent geopolitical events prompting a sell-off in risk assets.
In a similar manner to the previous week, the positive sentiment was centered in North America with inflows totaling $151m versus outflows in Europe totaling $24m.
Bitcoin saw inflows totaling $95m last week, the largest single weekly inflow since early December 2021, and has now seen 7 consecutive weeks of inflows.
Ethereum saw inflows totaling $25m last week, the largest in 13 weeks, and follows a run of mixed to negative sentiment since early December.
Multi-asset (multiple coins) investment products continued to see inflows that totaled $8.6m last week. Multi-asset, on a relative basis, has seen the most inflows year-to-date, totaling US$104m, representing 3.6% of assets under management (AuM).
Altcoin fortunes were mixed last week, with outflows from Solana ($1.7m), Polkadot ($0.9m) and Binance ($0.4m). While Litecoin, Cardano and XRP saw inflows totaling $0.4m, $0.9m and $0.4m respectively.
Blockchain equities saw inflows totaling $7.7m last week.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Hazel
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Digital Asset Investment Products saw Inflows Totaling $127M Last Week, according to CoinShares
Digital asset still has the belief of investors
According to a CoinShares’ report released on March 7, digital asset investment products saw inflows totaling $127m last week, an uptick on the previous week, suggesting investors remain supportive of digital assets despite the recent geopolitical events prompting a sell-off in risk assets.
In a similar manner to the previous week, the positive sentiment was centered in North America with inflows totaling $151m versus outflows in Europe totaling $24m.
Bitcoin saw inflows totaling $95m last week, the largest single weekly inflow since early December 2021, and has now seen 7 consecutive weeks of inflows.
Ethereum saw inflows totaling $25m last week, the largest in 13 weeks, and follows a run of mixed to negative sentiment since early December.
Multi-asset (multiple coins) investment products continued to see inflows that totaled $8.6m last week. Multi-asset, on a relative basis, has seen the most inflows year-to-date, totaling US$104m, representing 3.6% of assets under management (AuM).
Altcoin fortunes were mixed last week, with outflows from Solana ($1.7m), Polkadot ($0.9m) and Binance ($0.4m). While Litecoin, Cardano and XRP saw inflows totaling $0.4m, $0.9m and $0.4m respectively.
Blockchain equities saw inflows totaling $7.7m last week.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
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