With the broader market resurgence, digital assets investment products also maintained their upward trend. According to CoinShares’ latest data, inflows reached $646 million last week.
However, the fervor surrounding spot Bitcoin ETFs appears to be tapering off. In fact, the latest edition of CoinShares’ Digital Asset Fund Flowsthat the weekly flow levels haven’t reached the heights seen in early March. Additionally, trading volumes last week declined to $17.4 billion, down from $43 billion in the first week of March.
Besides, the Singaporean asset manager further revealed that investor sentiment remained polarized in terms of region. Ethereum, too, witnessed outflows for the fourth consecutive week, amounting to $22.5 million. This is in contrast to the majority of other altcoins, which continued to observe inflows over the past week. Noteworthy among these are Litecoin, Solana, and Filecoin, which witnessed inflows of $4.4 million, $4 million, and $1.4 million, respectively.
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Bitcoin investment products see another record $2.9B inflowMultiple regulators are now softening their stance on crypto ETPs.
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