Digital assets manager CoinShares says institutions resumed investing in crypto products last week after a brief break.<\/p>\n
In its latest Digital Asset Fund Flows\u00a0report<\/a>, CoinShares says digital asset investment products brought in $862 million in inflows last week, nearly erasing the prior week\u2019s<\/a> $931 million outflows.<\/p>\n \u201cWhile this recovery is encouraging, ETF (exchange-traded fund) activity is slowing down, with daily trading turnover now at US $5.4 billion, down 36% relative to its peak 3 weeks ago, although this remains well above the US$ 347 million 2023 average, implying the initial market hype is cooling.\u201d<\/em><\/p>\n Regionally, the US brought in most of the inflows at $897 million, which was offset by outflows from Europe and Canada that reached $49 million.<\/p>\n Bitcoin (BTC<\/a>), per usual, reaped the lion\u2019s share of inflows.<\/p>\n \u201cBitcoin saw inflows totaling US $865 million last week, with renewed appetite from new ETF issuers in the US, seeing US $1.8 billion inflows, offset by Grayscale\u2019s US $967 million outflows. Short-bitcoin saw outflows for the second week, totaling US $2 million.\u201d<\/em><\/p>\n Leading smart contract Ethereum (ETH<\/a>) suffered outflows of $19 million, the fourth consecutive week of losses for ETH products.<\/p>\n \u201cEthereum saw a 4th week of outflows of US $19 million, being a common trait post network upgrades, reflecting investor apprehension of their success.\u201d<\/em><\/p>\n ETH-rival Solana (SOL<\/a>) brought in $6.1 million of inflows while Filecoin (FIL<\/a>), Polkadot (DOT<\/a>) and Chainlink (LINK<\/a>) brought in $3.9 million, $2.4 million, and $1.9 million, respectively.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Featured Image: Shutterstock\/Aleksandr Kukharskiy\/Chuenmanuse<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Digital assets manager CoinShares says institutions resumed investing in crypto products last week after a brief break. In its latest Digital Asset Fund Flows\u00a0report, CoinShares says digital asset investment products brought in $862 million in inflows last week, nearly erasing the prior week\u2019s $931 million outflows. \u201cWhile this recovery is encouraging, ETF (exchange-traded fund) activity […]<\/p>\n","protected":false},"author":2,"featured_media":197254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-276354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/276354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=276354"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/276354\/revisions"}],"predecessor-version":[{"id":276359,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/276354\/revisions\/276359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/197254"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=276354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=276354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=276354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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