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 <p>Digital assets manager CoinShares says that digital asset investment products just experienced their eleventh consecutive week of inflows.</p> 
 <p>In its latest fund flows&nbsp;report, CoinShares says digital asset investment products saw inflows of over $40 million last week.</p> 
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 <p><em>“Digital asset investment products saw inflows totaling US $43 million, the 11th consecutive week of inflows, but a marked decline relative to prior weeks. Recent price appreciation has also led to significant inflows into short positions as some investors see price downside potential.”</em></p> 
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter">
  <img decoding="async" class="wp-image-190710 size-full" src="https://cdn.thebittimes.com/images/2023/12/12/c1237bc3e621505d66e885121613127f.png" alt="" width="1063" height="499">
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   Source: CoinShares
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 <p>While crypto king Bitcoin (BTC) once again led inflows with $20 million, CoinShares says Ethereum (ETH)-rivals Solana (SOL) and Avalanche (AVAX) are institutions’ “firm favorites” for altcoins.</p> 
 <p><em>“Solana and Avalanche saw inflows of US$3m and US$2m respectively, remaining firm favorites in the altcoin space.”</em></p> 
 <p>Meanwhile, ETH saw its sixth week of consecutive inflows with $10 million.</p> 
 <p>Litecoin (LTC) and XRP products brought in $0.7 million and $0.8 million a piece.</p> 
 <p>CoinShares also finds that last week’s inflows had a strong regional bias as well.</p> 
 <p><em>“Regionally, Europe continues to dominate the inflows, seeing US $43 million of inflows, while the US saw only US $14 million of inflows, with half of that being inflows into short positions. Hong Kong saw its second week of outflows totaling US $8 million, Brazil also saw minor outflows of US $4.6 million.”</em></p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/two-ethereum-rivals-firm-favorites-for-institutions-as-crypto-sees-11-straight-weeks-of-inflows-coinshares-tbt73343.html">https://thebittimes.com/two-ethereum-rivals-firm-favorites-for-institutions-as-crypto-sees-11-straight-weeks-of-inflows-coinshares-tbt73343.html</a></p>

Two Ethereum Rivals ‘Firm Favorites’ for Institutions As Crypto Sees 11-Straight Weeks of Inflows: CoinShares

TheBitTimes

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