CoinShares: Net inflow of digital asset investment products last week was US$346 million, the largest weekly inflow in the past nine weeks
According to CoinShares' weekly report data on November 27th, the net inflow of funds for digital asset investment products last week was $346 million, the largest single-week inflow amount in nearly 9 weeks. The report pointed out that the market is currently experiencing the largest round of growth since the bull market at the end of 2021, stimulated by market expectations that the US will launch spot-based ETFs. The combination of price increases and fund inflows has now pushed the total assets under management (AuM) to $45.3 billion, the highest level in a year and a half.
Last week, the total inflow of Bitcoin was $312 million, slightly higher than $1.5 billion from the beginning of the year to now. The proportion of ETP trading volume to Bitcoin spot total trading volume is still far higher than the average level, reaching 18% last week, highlighting the continued increase in the use of ETPs to gain exposure to this asset class. Ethereum's inflow last week was $34 million, bringing the total fund inflow for the past 4 weeks to $103 million, almost reversing the trend of outflows this year, marking a decisive shift in market sentiment. The total inflows of Solana, Polkadot, and Chainlink were $3.5 million, $800,000, and $600,000, respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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