Digital asset flows total USD373m, says CoinShares

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Digital asset investment products saw inflows totalling USD373 million last week highlighting a resurgence, according to the latest CoinShares Digial Asset Fund Flows weekly report.

Some providers continue to see outflows in what CoinShares believes is the continued profit-taking behaviour. Unusually, inflows were seen across the full spectrum of digital assets.

The positive momentum for Ethereum continues with inflows of USD60m last week with total assets under management only in December 2020.

New investment product entrants, Cardano and Litecoin got off to a good start with inflows USD6.6 million and USD3.6 million respectively.

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