CoinShares: Digital asset inflows reached $785 million last week, the fifth consecutive week of inflows

PANews reported on May 19 that according to the latest weekly data from CoinShares, the inflow of digital assets reached $785 million last week, with capital inflows for the fifth consecutive week, pushing the total amount to $7.5 billion from the beginning of the year, and fully recovering the outflows from February to March. The United States ($681 million), Germany ($86.3 million) and Hong Kong ($24.2 million) led the inflows, with Hong Kong recording the largest weekly inflow since November last year. Sweden ($16.3 million), Canada ($13.5 million) and Brazil ($3.9 million) saw capital outflows.

Although Bitcoin maintained its lead with an inflow of $557 million, it slowed down from the previous week. Short products recorded an inflow of $5.8 million during the same period, reflecting the market's cautious sentiment towards the Fed's hawkish stance. Ethereum became a bright spot, boosted by the upgrade of Pectra and management changes, with a weekly inflow of $205 million and a year-to-date inflow of $575 million. Solana became the only ETP product with outflows, with a small net outflow of $890,000.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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