Investor interest in digital asset investment products remains strong as evidenced by the recent inflows into various digital asset investment products.
According to a report by CoinShares , a total of $646 million poured into these vehicles, pushing the year-to-date inflows to an unprecedented $13.8 billion and surpassing the previous year’s total of $10.6 billion.
Bitcoin continues to be the primary focus for investors, with inflows totaling $663 million.
However, short-bitcoin investment products saw outflows for the third consecutive week, amounting to $9.5 million, indicating a minor capitulation among bearish investors.
Despite the overall positive trend, there are indications that the enthusiasm from exchange-traded fund (ETF) investors is starting to moderate, the report said.
Weekly flow levels have not reached the heights seen in early March, and volumes for the past week declined to $17.4 billion, compared to the $43 billion recorded in the first week of March.
According CoinShares, last week saw an inflow of $646 million into digital asset investment products. The total inflow for this year has reached a record high of $13.8 billion. Bitcoin inflows amounted to $663 million, while short Bitcoin investment products experienced outflows…
— Wu Blockchain (@WuBlockchain) April 8, 2024
Regionally, sentiment remains polarized.
The United States attracted the largest share of inflows, with an additional $648 million, while Brazil, Hong Kong, and Germany saw inflows of $10 million, $9 million, and $9.6 million, respectively.
On the other hand, Switzerland and Canada experienced outflows of $27 million and $7.3 million, respectively.
Meanwhile, Ethereum experienced outflows for the fourth consecutive
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