Digital assets investment products see inflows of USD489m in past week

Digital asset investment products saw inflows of USD489m last week, the largest inflows since February this year, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.

The high inflows conceal varied flows amongst providers with many seeing outflows in Europe while their North American peers saw strong inflows.

The positive sentiment continued in Ethereum with inflows of USD30 million, bringing total investment products under management to a record of USD12.9 billion

Bitcoin cash saw outflows of USD1.7 million, representing 10 per cent of assets under management. It remains a laggard relative to other digital assets reflecting investor concerns as it falls out of the top 10 digital assets.