Digital asset investment products saw inflows totalling $176m last week as investors saw recent price weakness as a buying opportunity, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Ether has benefited the most from the recent market correction, attracting $155m in inflows last week.
Short bitcoin ETPs, meanwhile, saw their largest outflows since last May, totalling US$16m (23% of AUM), reducing AUM for short positions to its lowest level since the start of the year, indicating a substantial investor exit.
