CoinShares: Digital asset investment products received $176 million in inflows last week

According to the latest weekly report from CoinShares, the total inflow of digital asset investment products reached $176 million last week. The trading activity of ETPs was much higher than usual, reaching $19 billion this week, compared to the average weekly trading volume of $14 billion so far this year.Ethereum attracted $155 million in fund inflows last week, bringing its total fund inflows so far this year to $862 million, the highest level since 2021, mainly due to the recent launch of US spot ETFs. Bitcoin experienced fund outflows earlier this week, but saw a large influx of funds in the last few days, bringing the total inflow this week to $13 million. The short Bitcoin ETP saw the largest fund outflow since May 2023, totaling $16 million (23% of AUM), bringing the management assets of short positions to the lowest level since the beginning of this year, indicating that many investors have exited.