CoinShares: Digital asset investment products received $176 million in inflows last week

According to CoinShares' latest weekly report, digital asset investment products saw a total inflow of $176 million last week. ETP trading activity was much higher than usual, at $19 billion this week, compared to a weekly average of $14 billion so far this year. Ethereum attracted $155 million in inflows last week. This brings its year-to-date inflows to $862 million, the highest level since 2021, mainly due to the recently launched US spot ETF. Bitcoin saw outflows at the beginning of the week, but saw a large inflow in the last few days, bringing the total inflow for the week to $13 million. Short Bitcoin ETPs saw the largest outflow since May 2023, totaling $16 million (23% of assets under management), bringing the assets under management of short positions to the lowest level since the beginning of the year, indicating a large number of investors exiting.