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Digital Asset Fund Inflows Fall to Lowest Level Since October
Bitcoin prices fell 14% during the seven days through April 23, while ether rose 18%..
Door Damanick Dantes
Inflows to digital asset products declined to $1.3 million during the week ending April 23, down from $233 million the prior week, according to a Monday report from CoinShares, a digital asset investment firm.
The latest figure marks the lowest level of weekly inflows since October 2020.
- “The low inflows overall mask varied flows among digital assets. Outflows were primarily focused on bitcoin (BTC) with $21 million, being the largest weekly outflow on record," according to CoinShares.
- However, Ethereum products saw inflows of $34 million last week and $792 million for the year to date.
- Bitcoin prices fell 14% during the seven days through April 23, while ether (ETH) rose 18%.
- Trading volumes among investment products remained at a low of 5% of total bitcoin volumes last week, according to CoinShares.
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From May 20 to May 29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined, with Ripple’s earlier reported XRP treasury plan still awaiting confirmation.
Was Sie wissen sollten:
- U.S.-listed spot XRP ETFs drew $11.88 million in net inflows on May 29, extending a week of gains even as bitcoin and ether funds saw continued redemptions.
- Total net assets in U.S. XRP ETFs now stand near $1.12 billion, with about $35 million added since May 20 while bitcoin and...
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