Digital asset investment products saw more than $1 billion in inflows last week, marking the third consecutive week of inflows, according to asset management firm CoinShares. Ethereum (ETH) funds recorded inflows of 33 million over the same period, the largest inflows since March 3550, reducing the month's outflows to ¥1,100 million.
Recent price increases have pushed the total value of listed digital asset products (ETPs) to 998.5 billion yen. Thanks to this increase, the weekly trading volume on the ETP rose 28% to 13.6 billion yen.
The inflow chart was dominated by #EarnFreeCrypto2024 Etp shares, which attracted 10 billion yen. Conversely, the outflow of bitcoin short positions totaling $4.3 million continued this time around, indicating a shift to a more positive market sentiment. This optimism is partly due to the fact that investors interpreted the Federal Open Market Committee (FOMC) meeting minutes and recent macroeconomic data as leaning towards a dovish sentiment.
#Solana also showed positive momentum with inflows of 8,800 million, followed by Litecoin Etp with inflows of 2,230 million.
Regionally, the United States was at the forefront of this influx of funds, sending a significant amount of ¥103,000 to the market. Grayscale, a key player in this market, has reported a significant reduction in outflows, now standing at just 11,500 million per week.
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