Crypto investment products are once again proving their market allure, with inflows hitting their highest level since July 2022. European asset management firm, CoinShares, noted an influx of $199 million just last week, signaling revived interest from investors in the crypto space. The surge is seen as a correction, compensating for almost half of the outflows observed in the preceding 9 weeks. CoinShares attributed the surge to recent filings for physically backed ETFs from high-profile issuers. Particularly, the crypto market is evidently witnessing a rebirth of enthusiasm as global asset management giants, such as BlackRock, file for spot Bitcoin ETFs.
The latest weekly digital asset fund flow report from CoinShares has revealed that last week, crypto asset investment products saw roughly $2.2 billion in net inflows globally, marking the largest inflow since July. This rise in inflows comes amid the gradual recovery of top crypto assets last week, with the…
After experiencing outflows for four consecutive weeks, US spot Bitcoin exchange-traded funds (ETFs) have marked a notable shift in momentum, witnessing net inflows once again. According to recent data from CoinShares, digital asset investment products have seen inflows totaling $130 million for the first time in five weeks. This change…
Cardano (ADA) has witnessed a massive 300% surge in Exchange Traded Product (ETP) inflows. The unexpected influx of capital from institutional investors could set the stage for a potential uptrend ahead of the Chang hard fork. Cardano Inflows Skyrocket 300% On July 29, CoinShares, a leading firm in the crypto…