Inflows into Digital Asset Funds Hit $441M Last Week
According to CoinShares, there was a break in the trend of net outflows for digital asset investment products last week, as they saw $441 million in net inflows. Prior to this, the products had seen three weeks of net outflows.
The last time net inflows were recorded was in the week ending June 7, when over $2 billion was added. Bitcoin accounted for $398 million of these inflows, which is unusual as it typically represents a larger percentage.
Another noteworthy altcoin was Solana, with $16 million in inflows for Solana-related products.
CoinShares attributed the increase in inflows to recent price drops caused by the Mt. Gox cryptocurrency exchange preparing to repay its creditors and the German government’s law enforcement agency moving large amounts of bitcoin to exchanges.
