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Digital asset funds see first net inflows in six week

October 4, 2023 at 4:14 pm

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Digital asset investment products saw positive flows last week for the first time in six weeks, pulling in a combined $21m, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.

According to CoinShares, the inflows are a reaction to a combination of positive price momentum, fears over US government debt prices and the recent quagmire over US government funding.

Solana continues to shine, with inflows of $5m, marking its 27th week of inflows, with just four weeks of outflows this year.