CoinShares: Digital asset investment products received $3.4 billion in inflows last week, while Solana saw an outflow of $5.7 million

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PANews
04-28
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According to the latest weekly report from CoinShares on April 28, digital asset investment products saw a total inflow of $3.4 billion last week, marking the third-largest single-week inflow in history and the largest since mid-December 2024. The primary reason is investors seeking digital assets as emerging safe-haven assets. Bitcoin investment products were the main beneficiary, attracting $3.18 billion in inflows, with total managed assets now reaching $132 billion, the highest level since late February this year.

After eight weeks of outflows, Ethereum investment products saw an inflow of $183 million last week. Notably, Solana was the only Altcoin experiencing outflows, totaling $5.7 million. Among other Altcoins, Sui and XRP saw inflows of $20.7 million and $31.6 million, respectively. Blockchain-related stocks also saw an inflow of $17.4 million, particularly Bitcoin mining-related ETFs.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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