Flows into digital asset investment products slowed to their lowest weekly figure since October 2020 last week at just USD1.3 million, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Worries over bitcoin mining issues in Xinjiang, China, spooked the market, while the low inflows overall mask varied flows amongst digital assets. Outflows were primarily focused on bitcoin with USD21m being the largest weekly outflow on record.
Ether bucked the trend with investment product inflows of USD34 million. Inflows year-to-date of USD792 million represent 8 per cent of total AUM, while the recent rise in weekly inflows highlights a renewed positive sentiment amongst investors.
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