Digital asset investment products have continued to see significant inflows last week, reaching the highest volume levels since July 2023, according to a new report.
Crypto investment products saw inflows for the second consecutive week, totaling $78 million, crypto asset management firm CoinSharesAccording to CoinShares, the volumes of crypto exchange-traded products also surged by 37% last week, reaching $1.1 billion. Bitcoin , the eighth largest cryptocurrency by market capitalization, has continued to assert itself as the “altcoin of choice” as its weekly inflows reached the highest level since March 2022.
— attracted only around $10 million in the first week, highlighting “tepid appetite,” CoinShares reiterated.In addition to asset-wise analysis, CoinShares also reported that 90% of all crypto asset inflows came from Europe, while the U.S. and Canada saw just $9 million of inflows combined.According to the data, Germany and Switzerland were the biggest countries contributing to the inflow rise, posting $37.3 million and $31.3 million in inflows, respectively.
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