Crypto investment products continue net inflows run despite week of mixed sentiment

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Cryptocurrencies Nouvelles

Bitcoin,Ethereum

Digital asset products recorded net inflows of $245 million last week, sliding from $1.35 billion after a week of mixed sentiment.

Digital asset ETFs recorded $245 million of net inflows last week, a slight step down as the inflow streak continues. Bitcoin saw inflows of $519 million, potentially spurred by rumors of a US BTC reserve. Ethereum ETFs saw huge inflows, but Grayscale's ETHE outflows prevailed over their success. Meanwhile, the launch of Ethereum ETFs also sparked a surge in digital asset trading volume.

5 million, $5.6 million and $2.6 million, respectively. Bitcoin retained its weekly net inflows streak, raking in $519 million despite starting the week with net outflows of $78 million. The earlier outflows coincided with speculation that the Bitcoin Conference historically was a sell-the-news event.

 

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