According to BlockBeats, CoinShares' latest weekly report reveals that digital asset investment products experienced a net inflow of $176 million last week. The trading activity for Exchange-Traded Products (ETPs) was significantly higher than usual, reaching $19 billion this week, compared to the year-to-date weekly average of $14 billion.
Ethereum attracted $155 million in inflows last week, bringing its year-to-date inflows to $862 million, the highest level since 2021. This surge is largely attributed to the recent launch of a U.S. spot ETF. Meanwhile, Bitcoin saw outflows at the beginning of the week but experienced substantial inflows in the last few days, resulting in a total weekly inflow of $13 million. Short Bitcoin ETPs saw the largest outflows since May 2023, totaling $16 million, which accounts for 23% of assets under management. This significant outflow has reduced the assets under management for short positions to their lowest level since the beginning of the year, indicating a large number of investors exiting their positions.
