Digital Asset Investment Products See Surge in Inflows, Trading Volume

IconCryptoNewsTerminal Staff29 Jul, 2024

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Digital Asset Investment Products See Surge in Inflows, Trading Volume

Digital asset investment products witnessed a significant net inflow of $245 million last week, signaling a growing appetite for these products. This surge in investment was largely driven by Bitcoin (BTC), which saw inflows of $519 million, while Ethereum (ETH) investment products experienced outflows of $285 million. This was primarily attributed to ongoing outflows from Grayscale ETHE. In addition to the net inflows, trading volume in digital asset investment products hit $14.8 billion over the week, the highest since May. This surge in activity was driven by the recent launch of ETH spot ETFs. These products have gained popularity among investors seeking exposure to ETH without directly holding the asset. The increase in inflows and trading volume suggests a renewed interest in digital asset investment products. As the market continues to evolve, these products provide investors with a convenient and accessible way to gain exposure to the digital asset class.

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