CoinShares: Net inflow of digital asset investment products last week is US$1.3 billion, with inflows for five consecutive weeks

According to PANews on February 10, according to CoinShares' latest weekly report, digital asset investment products inflowed for five consecutive weeks last week, totaling US$1.3 billion, bringing the inflow so far this year to US$7.3 billion. Recent price declines have caused ETP's total managed assets to drop from an all-time high of $181 billion set at the end of January to $163 billion. Trading volume this week is stable at $20 billion.

From a regional perspective, the inflow of funds in the United States is US$1 billion, but buying on dips is very common, and inflows have also occurred in most other regions, most of which are Germany, Switzerland and Canada. It is $61 million, $54 million and $37 million, respectively.

Bitcoin inflows of $407 million, with global ETP currently accounting for 7.1% of its current market capitalization, becoming the largest holder relative to any other entity. This week, Ethereum became the focus, with its price falling to nearly $2,100 recently, triggering a large amount of buying on dips and inflows of $793 million, surpassing Bitcoin for the first time this year. Other notable inflows are XRP and Solana, at $21 million and $11 million, respectively. Blockchain stocks have flowed in another $33 million, bringing inflows so far this year to $194 million.