News

Digital assets funds see $2bn of inflows

June 11, 2024 at 2:30 pm

Share this article

Digital asset investment products saw inflows totalling $2bn last week, bringing the current five-week run of inflows to $4.3bn, according to the latest digital assets fund flows weekly report from CoinShares.

Trading volumes in ETPs rose to $12.8bn for the week, an increase of 55% from the previous week.

Bitcoin was again the primary focus, seeing $1.97bn inflows for the week.

Ether meanwhile saw its best week of inflows since March, with $69m, likely in reaction to the surprise SEC decision to allow spot-base ETFs.