Inflows into digital asset investment products totalled USD233 million last week, the largest inflows since early March, according to the latest CoinShares Digital Assets Fund Flows Report.
While price action last week pushed assets under management to over USD65 billion for the first time.
XRP has been the most popular with weekly inflows of USD33 million, nearly doubling its assets under management to USD83 million.
Ethereum continued to see outsized inflows relative to its market capitalisation of USD65 million. Inflows were also seen in bitcoin cash (USD4 million), polkadot (USD5 million), binance (USD3 million), tezos (USD7 million), and multi-asset (USD6 million).
Yen carry trade risks mount
Hedge funds and other leveraged investors face renewed risks from the yen carry trade as Japan moves further away from decades of…
More
Valour launches first crypto hedge fund using Neuronomics AI strategy
Valour, the digital asset investment products subsidiary of DeFi Technologies, has launched its first hedge fund as it expands beyond…
More
SocGen targets strong prime brokerage growth
Societe Generale is planning to significantly expand its prime brokerage business as part of Chief Executive Officer Slawomir Krupa's…
More