Digital asset investment products saw modest inflows for the 4th consecutive week, totaling $66 million according to the latest CoinShares report. Total assets under management (AuM) have increased to $33 billion, the highest since mid-August.
Keypoints
- Digital asset investment products saw inflows for the 4th consecutive week totaling $66 million. Total assets under management (AuM) have risen to $33 billion.
- The inflows are likely linked to excitement over a spot bitcoin ETF launch in the US, but are relatively low compared to June announcements, suggesting more caution from investors this time.
- Solana saw further inflows of $15.5 million last week, bringing year-to-date inflows to $74 million (47% of AuM) – making it the most popular altcoin so far this year.
- Bitcoin investment products saw 84% of the total inflows, pushing year-to-date inflows to $315 million.
- Concerns over Ethereum led to further outflows of…
