Digital Asset Investment Products Record Net Inflows of $176 Million, Reversing Recent Outflows
CryptoNewsTerminal Staff12 Aug, 2024
Digital Asset Investment Products Record Net Inflows of $176 Million, Reversing Recent Outflows
Digital Asset Investment Products Attract Inflows Digital asset investment products experienced a significant turnaround last week, attracting net inflows of approximately $176 million, according to CoinShares' weekly fund flows report. This reversal follows a period of outflows. Bitcoin and Ethereum Lead Inflows Bitcoin investment products saw a modest inflow of $13 million, while Ethereum products surged with inflows totaling $155 million. Notably, short (inverse) Bitcoin funds witnessed outflows of $16.2 million, marking the highest level since May 2022. Geographical Distribution The positive inflows were distributed across all tracked regions, including the Americas, Switzerland, Brazil, and Canada. This indicates a global appetite for digital asset investment products. Outlook This reversal in fund flows suggests a renewed interest in digital assets, potentially influenced by recent positive news in the industry. The inflows could continue if market conditions remain favorable.
