tl;dr
The latest CoinShares’ Digital Asset Fund Flows Weekly Report reveals that digital asset investment products saw significant inflows of $1.05 billion, contributing to a year-to-date total of $14.9 billion. Bitcoin ETPs attracted the majority of inflows, while Ethereum products also saw a notable inc...
Digital asset investment products attracted an impressive $1.05 billion in inflows, contributing to a year-to-date cumulative flow of $14.9 billion. Bitcoin ETPs received the majority of inflows at $1.01 billion, while Ethereum saw inflows of $36 million, driven by the approval of spot Ether ETFs in the United States. Solana attracted $8 million in inflows, while Litecoin, Chainlink, and XRP witnessed inflows of $2.8 million, $0.6 million, and $0.4 million respectively. Cardano, however, experienced outflows of $1.2 million.
The geographical distribution of these inflows was led by the United States with $1.03 billion, followed by Germany and Switzerland with $48 million and $30 million. Conversely, Hong Kong experienced disappointing outflows of $29 million.
The latest CoinShares’ Digital Asset Fund Flows Weekly Report reveals that digital asset investment products saw significant inflows of $1.05 billion, contributing to a year-to-date total of $14.9 billion. Bitcoin ETPs attracted the majority of inflows, while Ethereum products also saw a notable increase. The United States led in geographical distribution of inflows, with Grayscale experiencing reduced outflows. However, Hong Kong saw disappointing outflows despite the launch of spot Bitcoin ETFs.
For the third consecutive week, digital asset investment products attracted impressive inflows, totaling $1.05 billion. This contributed to a record-breaking year-to-date cumulative flow of $14.9 billion. The recent surge in prices has driven total digital asset exchange-traded products (ETPs) to $98.5 billion, while weekly ETP trading volumes have increased by 28% to $13.6 billion. The majority of inflows were directed towards Bitcoin ETPs, which attracted $1.01 billion, while short-BTC products experienced outflows totaling $4.3 million, indicating a broadly positive sentiment despite recent price hikes.
This shift in sentiment is likely influenced by investors interpreting the FOMC minutes and recent macro data as mildly dovish. Investment products offering exposure to Ethereum witnessed inflows of $36 million, marking the highest since March. As per the asset manager, this figure was largely driven by early reactions to the approval of spot Ether ETFs in the United States. The bullish sentiment extended across the altcoins board, with Solana attracting $8 million in inflows last week. Litecoin also witnessed inflows of $2.8 million during the same period, followed by Chainlink and XRP with $0.6 million and $0.4 million. However, Cardano observed weekly outflows of $1.2 million.
In terms of geographical distribution, the majority of inflows were concentrated in the United States, which experienced $1.03 billion in inflows over the past week. Notably, Grayscale witnessed a significant reduction in outflows to just $15 million for the week. Germany and Switzerland also saw inflows of $48 million and $30 million, respectively. However, despite the initial enthusiasm surrounding the launch of spot Bitcoin ETFs in Hong Kong, there were disappointing outflows of $29 million last week.
More about Optical Cable Corporation
Optical Cable Corporation Summary Optical Cable Corporation Summary
Optical Cable Corporation manufactures and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company is headquartered in Roanoke, Virginia.
Industry
Manufacturing
Primary Activity
Drawing & Insulating of Nonferrous Wire
Annual Revenue
$22,067,900
Earnings per Share (EPS)
-0.02
Price-to-Earnings Ratio (P/E)
8.76
Dividend Yield
-0.0025
Volume
68,745,000
Market Capitalization
$0
Beta (Volatility)
-0.188