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Bitcoin Ends Week with $375M Inflows as Multi-Asset Products Face $121M in Losses
According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, Bitcoin has ended the week with a remarkable $375 million in inflows. This significant surge in investment highlights the cryptocurrency’s resilience and appeal amidst market fluctuations.
Contrastingly, multi-asset investment products have faced substantial losses, with an outflow of $121 million last week. This stark disparity underscores the unpredictability of the digital asset space and the need for investors to remain vigilant.
The report also reveals that Ethereum has continued its positive streak, attracting a considerable $51 million in inflows. Meanwhile, Solana has experienced significant outflows, amounting to $8.7 million over the same period.
It is essential to note that investors’ confidence in Bitcoin persists, despite recent market turbulence. In fact, short-bitcoin products recorded mere $0.4 million in inflows, indicating a distinct lack of interest from short-sellers.
Furthermore, we have observed a trend towards more selective opportunities, with XRP leading the charge with a substantial $8.8 million influx. Horizen and Polkadot also received modest inflows of $4.8 million and $1.9 million respectively.
Source: cryptopotato.com
