CoinShares: Last week, digital asset investment products saw an inflow of $572 million

ChainCatcher news, CoinShares' latest report shows that digital asset investment products saw inflows of $572 million last week. At the beginning of this week, outflows reached $1 billion, attributed to growth concerns triggered by weak U.S. employment data.

However, in the latter half of this week, inflows totaled $1.57 billion, likely stimulated by the U.S. government's announcement allowing the use of digital assets in 401(k) retirement plans. Ethereum ETP led the market, attracting $268 million in inflows, making it the highest among all assets. This brought the year-to-date inflow total to a new high of $8.2 billion, while the recent price increase also pushed its total assets under management to a historic high of $32.6 billion, growing 82% year-to-date.

After two consecutive weeks of outflows, Bitcoin saw a rebound with inflows totaling $260 million last week, while outflows from shorting Bitcoin amounted to $4 million. Inflows for Solana, XRP, and Near were $21.8 million, $18.4 million, and $10.1 million, respectively.