Digital asset funds saw $160M in net inflows last week, marking a significant turnaround. The post Digital Asset Funds See Largest Weekly Inflows Since July 2022 appeared first on Tokenist.
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.
- According to a new report by CoinShares, digital asset funds saw $160M in inflows last week. This marks a turnaround for the products, which had previously seen six weeks of net outflows.
- Bitcoin-based funds received the highest portion of the inflows at $120M. Interestingly, short Bitcoin products also saw inflows of $30M.
- It can be suggested that the change in trend could be propelled by a growing lack of trust in TradFi, on the back of several banks collapsing recently.
Join our Telegram group and never miss a breaking digital asset story.
The post Digital Asset Funds See Largest Weekly Inflows Since July 2022 appeared first on Tokenist.