CoinShares: Digital asset investment products saw net inflows of $2.2 billion last week

PANews reported on November 18 that according to the latest weekly data from CoinShares, inflows into digital asset investment products increased further by $2.2 billion last week, bringing total inflows to $11.7 billion since the first rate cut in September, and a record $33.5 billion so far this year. Inflows in the first half of the week were $3 billion, despite the record high price of Bitcoin, which led to a total outflow of $866 million in the second half of the week. Recent market activity, especially Bitcoin's breakthrough of its all-time high, pushed total assets under management (AuM) to a new high of $138 billion earlier this week. The recent surge in activity appears to be driven by a combination of loose monetary policy and the Republican Party's landslide victory in the recent US election.

Regional sentiment was mixed, with the US seeing net inflows of $2.2 billion, followed by Hong Kong, Australia, and Canada, with inflows of $27 million, $18 million, and $13 million, respectively. Investors in Sweden and Germany took profits, with outflows of $58 million and $6.8 million, respectively. Bitcoin saw inflows of $1.48 billion, but recent price all-time highs spurred investors to pour $49 million into short Bitcoin investment products. Ethereum appears to have shaken off negative sentiment, with inflows of $646 million (5% of assets under management), likely due to Justin Drake's Beam Chain network upgrade proposal and the recent US election. Solana also saw inflows of $24 million.

Share to:

Author: PA一线

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

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
11 hour ago
11 hour ago
11 hour ago
12 hour ago
13 hour ago
16 hour ago

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读