CoinShares: Last Week’s Net Inflow of Digital Asset Investment Products Reached $644 Million, Ending Five Consecutive Weeks of Outflows

CoinShares reported on Monday that the net inflow of funds into digital asset investment products reached $644 million last week, breaking a five-week trend of outflows. Notably, after 17 consecutive days of net outflows, last week recorded net inflows every day, indicating a “decisive shift” in market sentiment towards this asset class, according to CoinShares.

Source: CoinShares

Last week, the majority of the inflows into digital asset investment products came from the United States, totaling $632 million. However, positive sentiment was also widespread in other regions, with Switzerland, Germany, and Hong Kong recording inflows of $15.9 million, $13.9 million, and $1.2 million, respectively.

In terms of various cryptocurrency investment products, Bitcoin investment products led the recovery, attracting $724 million in inflows, ending a previous five-week total of $5.4 billion in net outflows. Meanwhile, short bitcoin investment products recorded an outflow of $7.1 million, marking three consecutive weeks of net outflows.

The sentiment in the altcoin market was mixed. Ethereum investment products faced the largest outflow, totaling $86 million. Other notable altcoins experiencing significant outflows included Sui ($1.3 million), Polkadot ($1.3 million), Tron ($950,000), and Algorand ($820,000). On the other hand, Solana recorded a net inflow of $6.4 million, while Polygon and Chainlink saw net inflows of $400,000 and $200,000, respectively.

Source: CoinShares