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Digital assets funds see sixth consecutive week of inflows

November 7, 2023 at 3:01 pm

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Digital asset investment products saw inflows totalling $261m, representing the sixth week of consecutive inflows that now total $767m, surpassing the total inflows of $736m seen in 2022, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.

Bitcoin saw the lion’s share of inflows, totalling $229m, bringing year-to-date inflows to $842m, likely buoyed by the increasing likeliness of a spot-based ETF in the US.

Ether saw the largest inflows since August 2022meanwhile, totalling $17.5m.