Business
Digital Asset Investment Products Report
Discover key insights and trends in the world of digital asset investment products with our comprehensive report. Stay informed about the latest developments and opportunities in the growing digital asset market.
Last week, digital asset investment products experienced a significant change with $441 million in net inflows, marking a departure from three consecutive weeks of net outflows, as reported by CoinShares. Notably, these products had last recorded net inflows during the week ending on June 7, accumulating over $2 billion from investors.
Bitcoin (BTC) dominated the inflows, representing $398 million of the total amount. CoinShares highlighted that it is uncommon for BTC to account for only 90% of the inflows. Among altcoins, Solana emerged as a standout performer, with SOL-linked products attracting $16 million in investments.
The flows were attributed by CoinShares to recent price fluctuations triggered by the upcoming reimbursement process by the defunct crypto exchange Mt. Gox to its creditors, as well as the German government’s law enforcement agency transferring substantial amounts of bitcoin to exchanges. Investors seemingly viewed these developments as a favorable buying opportunity.
However, the positive sentiment in digital assets was not mirrored in blockchain equities, which witnessed $8 million in outflows, bringing the year-to-date total to $556 million.