PANews reported on May 20 that according to the latest weekly data from CoinShares, digital asset investment products saw inflows for the second consecutive week, totaling $932 million. This inflow was mainly influenced by the CPI report, with the last three trading days accounting for 89% of the total flow. The U.S. market dominated this inflow, totaling $1.002 billion. Grayscale, which had experienced outflows of $16.6 billion since the launch of its ETF in January, also saw a small inflow for the first time, totaling $18 million. Bitcoin saw an inflow of $942 million, indicating investor optimism about its prospects. Various altcoins also experienced inflows, with Solana, Chainlink, and Cardano receiving $4.9 million, $3.7 million, and $1.9 million respectively. In contrast, Ethereum continued to see outflows of $23 million this week due to poor prospects for SEC approval of a spot ETF. Additionally, blockchain stocks continued to experience outflows, with only six weeks of inflows this year, and a total outflow of $512 million year-to-date.
CoinShares: Digital Asset Investment Products Saw Net Inflows of $932 Million Last Week
PANews2024/05/20 11:16
Show original
By:PANews
1
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Big Short Burry warns: Fed's RMP aims to cover up banking system vulnerabilities, essentially restarting QE
Michael Burry warned that the Federal Reserve has effectively restarted quantitative easing under the guise of "reserve management purchases," exposing that the banking system is still reliant on central bank liquidity for survival.
ForesightNews•2025/12/12 02:12

Crypto : Trading Volumes Collapse as the Market Stalls, According to JPMorgan
Cointribune•2025/12/12 01:57

Bitcoin : After the Rate Cut, Traders Prepare for an Explosive 2026
Cointribune•2025/12/12 01:57

Trending news
MoreCrypto prices
MoreBitcoin
BTC
$92,377.08
+2.32%
Ethereum
ETH
$3,252.32
+0.69%
Tether USDt
USDT
$1
-0.00%
XRP
XRP
$2.04
+1.59%
BNB
BNB
$889.29
+2.55%
USDC
USDC
$0.9999
-0.01%
Solana
SOL
$137.45
+4.34%
TRON
TRX
$0.2803
+0.58%
Dogecoin
DOGE
$0.1409
+1.55%
Cardano
ADA
$0.4243
-2.89%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now