Coinspeaker
Digital Asset Investment Products Rebound with $862M Inflows, ETF Activity Slows Down

Investor sentiment towards digital asset investment products rebounded strongly last week, with total inflows reaching $862 million, nearly offsetting the previous week’s record outflows of $931 million.

As usual, the United States experienced an additional $897 million in inflows dominating the total inflows globally, while Europe and Canada combined witnessed outflows totaling $49 million. While the inflows registered a sharp rebound from the previous week of outflows, the ETF activity seems to be slowing down with daily trading turnover being under $5.4 billion. This is a staggering 36% drop from its peak three weeks ago, as per data from CoinShares.

Last week, Bitcoin experienced inflows amounting to $865 million, driven by a renewed interest from new ETF issuers in the US, resulting in $1.8 billion in inflows. However, this was offset by Grayscale’s outflows of $967 million. Meanwhile, short-bitcoin funds witnessed outflows for the second cons...