According to Techub News, CoinShares’ latest weekly report shows that the total inflow of funds into digital asset investment products last week reached US$441 million. The recent price weakness caused by Mt Gox and the selling pressure from the German government are likely to be seen as buying opportunities.
Bitcoin saw $398 million in inflows, but only accounted for 90% of the total as investors chose to invest in a wider range of altcoins. Blockchain stocks did not reflect the improvement in investor sentiment, with another $8 million in outflows last week.
Exchange-traded product (ETP) volumes remained relatively low at $7.9 billion for the week, reflecting the typical seasonal pattern of lower volumes during the summer.
In terms of regions, inflows were mainly from the United States, with $384 million, but speculative buying also occurred in many other countries, most notably Hong Kong, with $32 million, $24 million, and $12 million in Switzerland and Canada. Germany was an exception, with outflows of $23 million.
Bitcoin saw inflows of $398 million, but unusually only accounted for 90% of total inflows as investors chose to invest in a wider range of altcoins. The most notable of these was Solana, which saw inflows of $16 million last week, bringing year-to-date (YTD) inflows to $57 million, making it the best performing altcoin from a flow perspective. Ethereum sentiment appears to have turned, with inflows of $10 million, but it remains the only ETP to have seen net outflows YTD.
