Digital Asset Products See Inflows of $436 Million Last Week
CryptoNewsTerminal Staff16 Sep, 2024
Digital Asset Products See Inflows of $436 Million Last Week
Digital asset investment products saw net inflows totaling $436 million last week, according to CoinShares' weekly fund flows report. Bitcoin (BTC) investment products saw inflows of $436 million, while Ethereum (ETH) investment products saw outflows of $8.5 million. In terms of geography, the United States saw the largest inflows with $416 million, followed by Switzerland with $27 million and Germany with $10.6 million. Canada saw outflows of $18 million. These inflows suggest that investors are becoming more comfortable with digital assets as an investment class. As the market matures, we can expect to see continued growth in investment products and increasing adoption of digital assets by institutional investors.
