CoinShares' digital asset flows report reveals continued inflows to cryptocurrencies
CoinShares writes that digital asset investment products saw inflows totalling USD95 million last week, bringing the total run of inflows over the last six weeks to USD320 million.
The firm writes that the continued inflows suggest the recent headwinds for digital assets, such as the widened China ban, were seen as buying opportunities for investors.
Ethereum followed bitcoin with inflows totalling USD29 million last week. Sentiment has remained relatively buoyant for Ethereum as the amount staked to Eth2.0 progresses.
Solana and Polkadot continue to see outsized inflows totalling USD3.9 million and USD2.4 million, representing 4.5 per cent and 3.2 per cent of AUM respectively.