Digital Asset Investment Products Reach Record Inflows
According to Foresight News, the latest weekly report from Coinshares reveals that digital asset investment products experienced a record-breaking inflow last week, totaling $3.85 billion. This surpasses the previous record set a few weeks ago. Ethereum led the charge with an all-time high weekly inflow of $1.2 billion, exceeding the inflows seen with the launch of ETFs in July. In contrast, Solana saw outflows amounting to $14 million. Blockchain equities attracted $124 million, marking the largest inflow since January of this year. Bitcoin also saw significant inflows, reaching $2.5 billion, with year-to-date inflows totaling $36.5 billion.
Bitcoin short products, however, saw modest inflows of just $6.2 million. Historically, significant price increases have led to substantial inflows, indicating that investors remain cautious despite the recent strong price momentum. This cautious approach suggests that while there is optimism in the market, investors are still wary of potential volatility.