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Digital assets funds see largest inflows in a year following US ETF applications

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Digital asset investment products saw the largest single weekly inflows since July 2022 last week, totalling $199 million, correcting almost half of the previous nine consecutive weeks of outflows, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.

Bitcoin was the primary beneficiary, seeing $187 million in inflows last week, representing 94% of the total flows, while short-bitcoin saw outflows for the ninth consecutive week totalling $4.9 million.

This positive turn in sentiment didn’t trickle down to altcoins though, with only very minor inflows seen.

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