CoinShares: Net inflows of $3.3 billion in digital asset investment products last week

PANews reported on May 26 that according to the latest weekly data from CoinShares, last week, digital asset investment products recorded an inflow of $3.3 billion, with the total inflow for six consecutive weeks totaling $10.5 billion. The total inflow from the beginning of the year to date has set a new record of $10.8 billion, and the total assets under management briefly hit a record high of $187.5 billion. Affected by Moody's downgrade and the surge in U.S. bond yields, investors are worried about the U.S. economy and are seeking investment diversification through digital assets. The U.S. market had the highest inflow of funds, reaching $3.2 billion. Germany, Australia and Hong Kong also had inflows, while Swiss investors had an outflow of $16.6 million due to locking in profits. Bitcoin led the inflow of funds, reaching $2.9 billion, but some investors viewed the price increase as a short-selling opportunity, and short-selling products attracted $12.7 million in funds. Ethereum had an inflow of $326 million, rising for five consecutive weeks, and market sentiment was positive. XRP's 80-week record of inflows was interrupted, with an outflow of $37.2 million last week.

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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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