According to PANews, CoinShares Research Director James Butterfill reported that digital asset investment products experienced a net inflow of $862 million last week, as Bitcoin ETFs showed signs of revival. The data shared by Butterfill revealed that Bitcoin had a total inflow of $865 million, while Ethereum saw an outflow of $18.9 million, and Solana recorded an inflow of $6.1 million.
The resurgence of Bitcoin ETFs and the significant inflow of funds into digital asset investment products indicate a growing interest in the cryptocurrency market. This comes as more investors are looking for alternative investment options amid global economic uncertainties and inflation concerns. The performance of digital assets like Bitcoin, Ethereum, and Solana highlights the potential for growth and diversification in the market.