CoinShares has released a new report highlighting positive trends in the digital asset market with increased inflows over the past week.
Market Overview
According to CoinShares' report, digital asset investment products recorded an inflow of $226 million last week, indicating a continuation of the recovery trend. Bitcoin continues to draw investor interest, generating $195 million in inflows, while short-Bitcoin products registered an outflow of $2.5 million for the fourth consecutive week.
Rising Interest in Altcoins
Altcoins also showed positive dynamics, recording their first weekly inflows in five weeks totaling $33 million. Ethereum led with $14.5 million, followed by Solana with $7.8 million, XRP with $4.8 million, and Sui with $4 million. This change followed four weeks of consecutive outflows.
Geographic Distribution of Investments
Major regions like the US, Switzerland, and Germany demonstrated significant inflows while Hong Kong and Brazil saw minor outflows of $2.1 million and $1.3 million, respectively. On Friday, there were net outflows of $74 million, attributed to investor expectations of the Federal Reserve's policy tightening.
CoinShares depicts a positive sentiment in the digital asset market with notable interest in Bitcoin and altcoins. The broad support from various regions confirms the overall positive trend.
