CoinShares: Digital Asset Investment Products Saw Inflows of $176 Million Last Week

According to a report from CoinShares, the total inflow of funds into digital asset investment products last week amounted to $176 million, marking the eighth consecutive week of inflows and bringing the total inflow for the year to $1.32 billion.

Among these products, the proportion of Exchange Traded Products (ETPs) in cryptocurrency investment products is on the rise, averaging 11%, significantly higher than the long-term historical average of 3.4%, and far surpassing the average during the bull market of 2020/21.

Bitcoin continues to dominate, with an inflow of $155 million, representing 3.4% of the Assets Under Management (AUM) over the past eight weeks.

Additionally, various altcoins saw inflows, with Solana, Ethereum, and Avalanche receiving $13.6 million, $3.3 million, and $1.8 million, respectively. On the other hand, Uniswap and Polygon experienced minor outflows of $0.55 million and $0.86 million, respectively.