Coinshares: Inflows Into Digital Asset Products Reach $1.2 Billion

CN
2 months ago

According to Coinshares’ lead research analyst James Butterfill, the rise in inflows is largely due to positive sentiment stemming from expectations of “dovish” U.S. monetary policy. The report indicates a 6.2% increase in total assets under management (AUM) over the last week, driven by investor optimism.

Coinshares: Inflows Into Digital Asset Products Reach $1.2 Billion

Despite this, trading volumes declined by 3.1%, suggesting that while inflows were substantial, actual trading activity did not mirror this increase. The approval of options for certain U.S.-based investment products likely contributed to the uptick in sentiment. Regionally, the U.S. led with $1.2 billion in inflows, while Switzerland followed with $84 million, marking its highest inflows since mid-2022.

In contrast, Germany and Brazil saw outflows of $21 million and $3 million respectively. Butterfill’s analysis noted that bitcoin (BTC) dominated the inflows, attracting $1 billion, but also spurred further investments in short-bitcoin products, which totaled $8.8 million. Ethereum (ETH) saw its first positive inflows since August, totaling $87 million, breaking a five-week negative streak.

Altcoins experienced mixed results, with some, such as litecoin (LTC) and XRP, seeing minor inflows of $2 million and $0.8 million respectively, while solana (SOL) and binance coin (BNB) experienced outflows of $4.8 million and $1.2 million. Butterfill emphasized the polarization of sentiment within the altcoin market, as it reflects the broader uncertainties in digital asset investments.

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