Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
CoinShares: Last week, net inflows of digital asset investment products reached US$1.18 billion, and transaction volume reached a record high of US$1

CoinShares: Last week, net inflows of digital asset investment products reached US$1.18 billion, and transaction volume reached a record high of US$1

CointimeCointime2024/01/15 10:33
By:Cointime

CoinShares' latest "Digital Asset Fund Flow Weekly Report" released on January 15th showed that digital asset investment products achieved a capital inflow of $1.18 billion last week, which did not break the record of $1.5 billion set when Bitcoin ETF futures were launched. The trading volume last week reached a historic high of $17.5 billion, compared to an average weekly trading volume of $2 billion in 2022. Among these inflows, the United States dominated and achieved a capital inflow of $1.24 billion, while Europe experienced a slight outflow of funds.

Specifically, Bitcoin absorbed a capital inflow of $1.16 billion last week, accounting for 3% of its total assets under management (AuM), while short Bitcoin products also saw a small inflow of $4.1 million. Ethereum attracted a capital inflow of $26 million, while XRP saw an inflow of $2.2 million. Solana was an exception, with only a capital inflow of $500,000 last week. In addition, blockchain stocks also attracted a large capital inflow of $98 million, bringing the total inflow over the past seven weeks to $608 million.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

US equities pare recent losses after mixed inflation print

December’s CPI report shows the central bank has made some progress in moving inflation back down to its 2% target

Blockworks2025/01/16 07:44

What Are the Whales Doing Right Now in Cryptocurrencies and What Are Small Investors Doing? The Data is Clear

An analysis published by cryptocurrency analysis company Alphractal examined the behavior of whales and small investors.

Bitcoinsistemi2025/01/16 07:34

BREAKING: FED Publishes Critical Beige Book Report – Here’s All You Need to Know

The FED has published the important Beige Book document, which is closely followed by cryptocurrency investors. Here are the details.

Bitcoinsistemi2025/01/16 07:33

Another Positive News Came From Germany: One of the Largest Stock Exchanges Announces Bitcoin and Cryptocurrency Development

Boerse Stuttgart, one of Germany's leading stock exchanges, spoke about the Bitcoin and cryptocurrency service it provides in its statement.

Bitcoinsistemi2025/01/16 07:33