Cryptocurrency asset management company CoinShares reported on Monday (11th) that the total net inflow of digital asset investment products last week was approximately $43 million, marking the 11th consecutive week of net inflows. However, compared to previous weeks, the inflow amount has significantly decreased. The recent uptrend has also led to a significant amount of funds flowing into short positions, with some investors beginning to bearish on the market.
Source:
CoinShares
In terms of investment in ETPs in various regions, Europe continued to dominate the inflow of funds, with a net inflow of $43 million last week, while the United States only saw a net inflow of $14.2 million, with half of it flowing into short positions. Hong Kong saw the second week of fund outflows, totaling $8 million, while Brazil also saw a slight net outflow of $4.6 million.
Source:
CoinShares
As for various cryptocurrency investment products, Bitcoin remains the main focus of investors, with a net inflow of $19.8 million last week, bringing the total inflow for the year to $1.7 billion. At the same time, short Bitcoin investment products saw a net inflow of $8.6 million, with CoinShares stating that “this may be because some investors believe the current price increase is not sustainable.”
Source:
CoinShares
Ethereum investment products saw a sixth consecutive week of net inflows last week, with an amount of $9.7 million. There has been a notable change in Ethereum investment products this year, with a net outflow of $125 million accumulated 7 weeks ago, now turning into a net inflow of $19 million.
Solana and Avalanche investment products saw net inflows of $3.1 million and $2 million respectively last week, remaining popular in the altcoin space. Meanwhile, blockchain stocks saw a record-breaking single-week net inflow of $126 million.