CoinShares: Digital Asset Investment Products Saw $1.3 Billion in Net Inflows Last Week, Marking the Fifth Consecutive Week of Inflows

BlockBeats News, February 10th, according to the latest weekly report from CoinShares, last week saw a fifth consecutive week of inflows into digital asset investment products, totaling $1.3 billion, bringing the year-to-date inflows to $7.3 billion.

The recent price drop has caused the total assets under management of ETPs to drop from the record high of $181 billion set at the end of January to $163 billion. This week's trading volume remains stable at $20 billion.
Bitcoin saw inflows of $407 million, with global ETPs currently representing 7.1% of the total market capitalization.

This week, Ethereum took the spotlight as its price recently dropped to nearly $2,100, triggering a significant amount of buying on the dip, with inflows reaching $793 million, surpassing Bitcoin for the first time this year.

Other notable inflows include XRP and Solana, with $21 million and $11 million respectively. Blockchain stocks also saw inflows of $33 million, bringing the year-to-date inflows to $194 million.

Source

Correction/Report

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