CoinShares: Digital asset investment products saw net inflows of $2.2 billion last week
According to the latest weekly report from CoinShares, digital asset investment products saw an inflow of $2.2 billion last week, marking the largest weekly increase since July of this year. Bitcoin saw an inflow of $2.13 billion, and recent price increases led to short positions in Bitcoin seeing an inflow of $12 million, the largest since March of this year. Ethereum also saw an inflow of $58 million, while some altcoins saw inflows, such as Solana ($2.4 million), Litecoin ($1.7 million), and XRP ($700,000). The outflow for multi-asset products was $5.3 million, ending 17 consecutive weeks of inflows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC Commissioner Slams Ripple Settlement as Legal Battle Nears End
A senior U.S. Securities and Exchange Commission (SEC) official has criticized a proposed settlement between the agency and Ripple Labs, potentially marking the final chapter of a years-long legal dispute over the XRP token.
Zerebro Developer Reported Alive Days After Alleged On-Camera Suicide
The mysterious case of Zerebro’s 22-year-old developer, who appeared to shoot himself during a livestream on May 4, took a dramatic turn after he was reportedly seen alive outside his family home in San Francisco.
AI DApps Surge in Activity, Poised to Rival Gaming and DeFi in Web3 Dominance
Artificial Intelligence-powered decentralized applications (DApps) are rapidly gaining ground in the Web3 ecosystem. They may soon challenge the dominance of Gaming and Decentralized Finance (DeFi), according to fresh insights from blockchain analytics firm DappRadar.
Bitcoin ETF Inflows Surge to Record $40.62 Billion
Trending news
MoreCrypto prices
More
