According to CoinShares’ “Digital Asset Fund Flows Weekly Report,” digital asset Investment products received inflows for the third consecutive week, totaling $15 million. However, Trading volumes remain 27% lower than the average for 2023.
Bitcoin attracted inflows of $16 million over the past week, bringing the year-to-date inflows to $260 million. Additionally, short BTC products received $1.7 million.
Altcoins, on the other hand, did not perform well during the week. Tezos, Litecoin, and Chainlink investment products experienced outflows of $0.25 million, $0.28 million, and $0.31 million, respectively. Ethereum also recorded outflows of $7.5 million, despite the recent approval of nine Ethereum-based futures ETFs by the US Securities and Exchange Commission (SEC).
XRP-dedicated investment products continued to receive modest inflows of $0.42 million, marking the 25th consecutive week of inflows this year. This suggests strong support from the investment community, especially considering the successful legal challenges against the SEC.
Regional disparity remains evident, with limited inflows in the United States compared to Europe, which saw net inflows amounting to $7 million last week. Interestingly, Sweden was the only country in Europe to register outflows during this period.
In conclusion, digital asset investment products received inflows for the third week in a row, totaling $15 million. Bitcoin had positive inflows, while altcoins like Tezos, Litecoin, Chainlink, and Ethereum experienced outflows. XRP-dedicated products remained popular among investors. The regional disparity continued, with limited inflows in the United States and positive inflows in Europe, except for Sweden..
#Ripple #XRP #Investment #Products #Register #25th #Consecutive #Week #Inflows #CoinShares
Bitcoin attracted inflows of $16 million over the past week, bringing the year-to-date inflows to $260 million. Additionally, short BTC products received $1.7 million.
Altcoins, on the other hand, did not perform well during the week. Tezos, Litecoin, and Chainlink investment products experienced outflows of $0.25 million, $0.28 million, and $0.31 million, respectively. Ethereum also recorded outflows of $7.5 million, despite the recent approval of nine Ethereum-based futures ETFs by the US Securities and Exchange Commission (SEC).
XRP-dedicated investment products continued to receive modest inflows of $0.42 million, marking the 25th consecutive week of inflows this year. This suggests strong support from the investment community, especially considering the successful legal challenges against the SEC.
Regional disparity remains evident, with limited inflows in the United States compared to Europe, which saw net inflows amounting to $7 million last week. Interestingly, Sweden was the only country in Europe to register outflows during this period.
In conclusion, digital asset investment products received inflows for the third week in a row, totaling $15 million. Bitcoin had positive inflows, while altcoins like Tezos, Litecoin, Chainlink, and Ethereum experienced outflows. XRP-dedicated products remained popular among investors. The regional disparity continued, with limited inflows in the United States and positive inflows in Europe, except for Sweden..
#Ripple #XRP #Investment #Products #Register #25th #Consecutive #Week #Inflows #CoinShares
