Digital Asset Investment Products See $176 Million Inflows for the Week, Ethereum Sets Annual High
Publication Time:2024-08-12 17:31:07
CoinShares' latest weekly report highlights that the total inflows for digital asset investment products amounted to $176 million for the week. Ethereum stood out particularly during this period, drawing in $155 million in inflows, marking the highest figure since 2021. This is attributed mainly to the recently introduced US spot ETF. Contrary to Bitcoin, which initially saw outflows of funds, there was a substantial inflow later, resulting in a total inflow of $13 million for the week. Furthermore, short Bitcoin ETPs experienced their largest outflow since May 2023, totaling around $16 million, causing the level of managed assets in short positions to drop to the lowest since the start of the year. This reflects the investors' sentiment towards exiting the market.
Bitcoin
Ethereum
Digital Asset
Investment products
Funds Inflows