CoinShares: Digital asset investment products had an inflow of $708 million last week

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Cointime2024/02/05 12:12

By:Cointime

According to the CoinShares weekly report, the total inflow of funds for digital asset investment products reached $708 million last week, bringing the total inflow of funds since the beginning of the year to $1.6 billion and the total global managed assets to $53 billion. The trading volume of ETPs decreased from $10.6 billion the previous week to $8.2 billion, but still far exceeded the weekly average of $1.5 billion in 2023. These trading volumes accounted for 29% of the total Bitcoin trading volume on credible exchanges. Last week, the total inflow of Bitcoin was $703 million, accounting for 99% of the total inflow. Funds shorting Bitcoin flowed out slightly, with a total of $5.3 million. Solana had an inflow of $13 million last week, surpassing Ethereum and Avalanche, which had outflows of $6.4 million and $1.3 million respectively last week.

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