CoinShares: Digital asset investment products saw net inflows of $3.7 billion last week

CoinShares' latest weekly report shows that digital asset investment products saw inflows of $3.7 billion last week, the second-highest weekly inflow on record. Notably, the single-day inflow on July 10th was the third highest on record. This also marks the 13th consecutive week of inflows, with cumulative inflows totaling $21.8 billion and year-to-date (YTD) inflows totaling $22.7 billion. Assets under management (AuM) broke through the $200.0 billion mark for the first time, reaching a new high of $211.0 billion. ETP trading volume reached $29.0 billion, twice the weekly average for the year. Bitcoin saw weekly inflows of $2.7 billion, bringing its total assets under management to $179.5 billion. This is the first time it has reached 54% of the total assets under management of gold ETPs. Short Bitcoin ETP trading activity was extremely low. Ethereum saw inflows for the 12th consecutive week, totaling $990.0 million, the fourth highest on record. [Foresight News]