Digital Asset Investments Surge with $1.44 Billion Influx

IconCryptoNewsTerminal Staff15 Jul, 2024

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Digital Asset Investments Surge with $1.44 Billion Influx

Digital asset investment products witnessed a significant net inflow of $1.44 billion last week, as reported by CoinShares' weekly fund flows report. The majority of this influx, amounting to $1.35 billion, was attributed to Bitcoin (BTC) investment products. Ethereum investment products also saw a substantial inflow of $72 million. This influx is attributed to the anticipation of ETH spot approval in the US. The United States dominated the geographical distribution of inflows, contributing $1.3 billion. Other significant inflows came from Switzerland ($58 million), Hong Kong ($55 million), and Canada ($24 million). This surge in digital asset investments highlights the growing interest and confidence in this asset class.

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