tl;dr
CoinShares published its latest report on digital asset investments, revealing more than $1 billion flowing into the investment products last week. The inflows coincided with the launch of spot Bitcoin ETFs in the United States, contributing to momentum in inflows. Despite this, Grayscale reported a...
html
CoinShares published its latest report on digital asset investments, revealing more than $1 billion flowing into the investment products last week. The inflows coincided with the launch of spot Bitcoin ETFs in the United States, contributing to momentum in inflows. Despite this, Grayscale reported a weekly loss of $414 million, while BlackRock’s Bitcoin ETF had inflows exceeding $693 million. Canada and Germany saw outflows of $17 million and $10 million, respectively, while Switzerland saw an inflow of $35 million. Bitcoin made up 98% of all inflows, and after experiencing a significant price surge, it slowed down on Monday, dipping below $48,000 and is currently trading at $47,920 with a 1% loss in the last 24 hours.
CoinShares has published its updated report on digital asset investments. Outflows from investment products in Germany and Canada continued. Spot Bitcoin ETFs contributed to further momentum in inflows. More than $1 billion flowed into the digital asset investment products, recording a substantial gain last week. Digital asset investment products received more than $1.1 billion in inflows last week, according to CoinShares’ latest report. The increase in inflows coincides with the launch of spot Bitcoin ETFs in the United States, grabbing attention. Notably, Grayscale reported a weekly loss of $414 million despite this huge outflow. On the other hand, BlackRock’s Bitcoin ETF stands out, with inflows exceeding $693 million. Canada and Germany saw outflows of $17 million and $10 million, respectively, while Switzerland saw an inflow of $35 million last week. Bitcoin made up 98% of all inflows, and after experiencing a significant price surge, it slowed down on Monday, dipping below $48,000 and is currently trading at $47,920 with a 1% loss in the last 24 hours.
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.