Digital assets report: Inflows rise even as crypto market stagnates

Short BTC and Short ETH, on the other hand, posted outflows.

“Trading turnover has slowed though, with investment products totaling US$1bn for the week compared to US$2.5bn average in the prior 2 weeks. These lower volumes may be due to the seasonal effects, where lower volumes are typically seen during July and August.”remained “the focus amongst investors,” as the king coin logged inflows, totaling $133 million, last week. This accounted for 98% of the total inflows recorded during that period.

The additional $133 million in inflows brought the leading coin’s YTD net inflows to $290 million, with its assets under management valued at $25 billion. On the other hand, short-Bitcoin investment products saw an outflow of $1.18 million last week, representing 11 weeks of consecutive outflows. However, despite this recent bearishness for short-Bitcoin, it remained the second best-performing asset in terms of inflows YTD at $58 million, data from the report showed.Ethereum [ETH]

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