Digital asset investment products saw further buying on price weakness with inflows of $1.44bn, the fifth highest weekly total on record, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Last week’s flows bring YTD inflows to a record $17.8bn, far surpassing 2021 total inflows of $10.6bn.
Bitcoin saw the the lion’s share of inflows at $1.35bn, while short-bitcoin saw the largest weekly outflows since April at $8.6m.
Ether saw $72m inflows last week, likely in anticipation of the imminent approval of the spot-based ETF in the US.
