According to Golden Finance News, CoinShares’ latest weekly report disclosed that digital asset investment products saw a net inflow of 1.9 billion US dollars last week. It is worth noting that this is the ninth consecutive week of capital inflows, with a cumulative inflow of 13.2 billion US dollars so far this year, setting a new historical record.
Specifically, the Bitcoin market has performed exceptionally well. In the previous two weeks, there was a small outflow of funds from Bitcoin. However, last week, it rebounded strongly and attracted an inflow of 1.3 billion US dollars at one go. Short-term Bitcoin products also saw an inflow of 3.7 million US dollars, but their total asset management scale remains at a relatively low level of 96 million US dollars. Ethereum also maintained a strong growth momentum. Last week, it saw a net inflow of 583 million US dollars, setting a new record since February and also setting a new record for the largest single-day inflow during the same period. After this round of capital inflow, the cumulative inflow of funds into Ethereum reached 2 billion US dollars, accounting for 14% of its asset management scale.
In terms of other cryptocurrencies, XRP and Sui also show signs of capital reflux. After three consecutive weeks of capital outflows, XRP saw a net inflow of 11.8 million US dollars last week, while Sui saw an inflow of 3.5 million US dollars. Market analysts believe that the continuous injection of funds into digital asset investment products recently may reflect an increase in investors’ confidence in the prospects of the cryptocurrency market. However, the cryptocurrency market is highly volatile and there are still many uncertainties regarding its future trend.
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