CoinShares: Digital Asset Investment Products Saw $1.9 Billion in Net Inflows Last Week

BlockBeats News, January 27th, according to the latest weekly report from CoinShares, influenced by the recent presidential executive order proposing Bitcoin as a strategic reserve asset, digital asset investment products attracted a total of $1.9 billion in inflows last week, bringing the year-to-date (YTD) inflow total to $4.8 billion.

Despite minor price fluctuations last week, trading volume remained high at $25 billion, accounting for 37% of the total trading volume on trusted cryptocurrency exchanges. As for Bitcoin, inflows were as high as $1.6 billion last week, with a YTD inflow total of $4.4 billion, representing 92% of all inflows into the digital asset space.

In addition, as the Bitcoin price hit a historic high before the presidential inauguration, shorting of Bitcoin ETFs also garnered renewed attention, with $5.1 million in inflows. In the altcoin space, Ethereum saw a rebound in performance, attracting $205 million in inflows last week; XRP also attracted $18.5 million in inflows.

Meanwhile, among other smaller digital assets, Solana, Chainlink, and Polkadot recorded inflows of $6.9 million, $6.6 million, and $2.6 million, respectively. It is worth noting that last week, there were no outflows from any digital asset investment products.