Digital asset investment products saw large inflows totalling $708m last week, bringing year-to-date inflows to $1.6bn and total global AUM to $53bn, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Newly issued US bitcoin spot trading ETFs have now averaged $1.9bn inflows over the last four weeks, bringing total inflows since launch to $7.7bn.
Bitcoin saw inflows totalling $703m last week, which accounts for 99% of all flows, while short-bitcoin saw minor outflows totalling $5.3m.
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