CoinShares: $245 Million Inflows Into Digital Asset Investment Products Last Week

Digital asset investment products saw inflows of $245 million last week, according to CoinShares' latest weekly report. Bitcoin saw further inflows of $519 million, bringing its month-to-date inflows to $3.6 billion and its year-to-date inflows to a record $19 billion. The launch of the U.S. Spot Ether ETF saw one of the largest inflows since December 2020, with $2.2 billion in inflows into the newly launched ETF, offset by existing outflows, which totaled $285 million in net outflows. Trading volume rose to its highest level since May this week, reaching $14.8 billion, driven by the recently launched Ether ETF. Recent price gains have brought total assets under management (AuM) to $99.1 billion, while year-to-date (YTD) inflows totaled a record $20.5 billion.