Digital asset investment products saw net inflows of over 1.4 billion magnesium last week
The latest weekly report data from digital asset management company CoinShares shows that digital asset investment products (ETP/ETF, etc.) launched by institutions saw a net inflow of US$1.44 billion last week, and the total inflow so far this year has reached US$17.8 billion, far exceeding the 106% during the bull market in 2021. billion dollar inflow.
However, only $8.9 billion was traded in digital asset investment products last week, compared with a seven-day average of $21 billion so far this year.
From a regional perspective, the United States led the way with a net inflow of US$1.3 billion last week, while the remaining countries and regions worthy of attention were Switzerland, Hong Kong and Canada, with inflows of US$58 million, US$55 million and US$24 million respectively.
Source: CoinShares
Digital asset investment products saw net inflows of over US$1.4 billion last week
Bitcoin records fifth largest weekly inflows in history
From an asset class perspective, Bitcoin had a net inflow of US$1.35 billion last week, the fifth largest weekly inflow in history, while short Bitcoin products (Short Bitcoin) saw an outflow of US$8.6 million, the largest net outflow since April this year. .
CoinShares analysts believe that investors are willing to accumulate more Bitcoin positions due to lower prices caused by the German government's selling of Bitcoin and better market sentiment due to lower-than-expected U.S. Consumer Price Index (CPI).
In addition to Bitcoin, analysts named the following four cryptocurrencies, all of which saw significant net inflows last week:
Ethereum ($ETH): Net inflows of $72 million last week may be related to market expectations that the Ethereum spot ETF will soon be listed for trading.
Solana ($SOL): Net inflows of $4.4 million last week
Avalanche ($AVAX): Net inflows of $2 million last week
Chainlink ($LINK): Net inflow of $1.3 million last week
Source: CoinShares Bitcoin digital investment product hits fifth largest weekly inflow in history
The U.S. Bitcoin spot ETF has had net inflows for 8 consecutive days
Last week’s net inflows into Bitcoin ETFs also continued into the beginning of this week. According to data compiled by SoSoValue, the U.S. Bitcoin spot ETF saw a net inflow of approximately US$300 million on Monday and approximately US$423 million on Tuesday, marking eight consecutive days of net inflows.
SoSoValue pointed out that the Bitcoin spot ETF with the largest single-day net inflow yesterday was BlackRock’s $IBIT, with a single-day net inflow of US$260 million, and a total net inflow of US$18.639 billion; followed by Fidelity’s $FBTC, with a single-day net inflow of US$18.639 billion. Net inflows were US$61.05 million, and total net inflows reached US$9.816 billion.
As of press time, the total net asset value of Bitcoin spot ETFs is US$58.462 billion, the ETF net asset ratio (market value relative to the total market value of Bitcoin) reaches 4.58%, and the cumulative net inflow has reached US$16.535 billion.
Image source: SoSoValue
The U.S. Bitcoin spot ETF has had net inflows for 8 consecutive days
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