Digital Asset Funds, Especially Ethereum, Post Largest Inflow Since February
Ether attracted $30 million of inflows during the seven days through April 30.
May 4, 2021 at 6:38 p.m. UTCUpdated Mar 2, 2023 at 9:45 p.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/PCOL2WNBLFBGZMON27GYNZQQGI.png)
Inflows to digital asset investment products rose to $489 million last week. That’s a roughly $487 million increase from the prior week and marks the largest inflows since February 2021.
Ether (ETH) attracted $30 million of inflows during the seven days through April 30, bringing the total assets under management to a record $13.9 billion, according to a new report by CoinShares published on Tuesday.
STORY CONTINUES BELOW
13:18
Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
05:10
Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
04:07
The first video of the year 2024
40:07
The last regression video of the year 3.67.0
- “The high inflows concealed varied flows amongst providers, with many seeing outflows in Europe while their North American peers saw strong inflows,” wrote CoinShares.
- Bitcoin cash (BCH) saw outflows of $1.7 million last week, representing 10% of total assets under management.
- Regarding the variation in digital asset inflows, CoinShares stated, “We believe some investors are beginning to take more opportunistic positions after having range traded since February, while others have capitulated and taken profits.”
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)