Â
- Digital asset investment products saw inflows of $130 million, the first after four weeks of outflows.
- Bitcoin remains above $62k and saw inflows of $144 million last week.
As Bitcoin Shows Fresh Resilience Above $62,000 Digital asset investment products recorded inflows for the first time in more than a month last week, latest market data shows.
On Monday, digital asset manager CoinShares published Its weekly report on crypto investment products.
Details show $130 million inflows into the industry during the week ending May 10. This is the first time that the metric is positive since the first week of April – a four-week period of outflows.
Specifically, Bitcoin saw inflows of $144 million, while mini-Bitcoin ETPs recorded outflows of $5.1 million.
The majority of investments were seen in the US, with $135 million. Hong Kong saw inflows of $19 million. Elsewhere, Canada and Germany recorded outflows of $20 million and $15 million, respectively.
ETP volume remains low
While the week saw inflows overall, CoinShares head of research James Butterfill wrote in the company blog that ETP volumes continued to decline.
For example, ETP volume on the market last week was $8 billion, compared to an average of $17 billion in April.
,These volumes highlight that ETP investors are currently participating less in the crypto ecosystem, representing 22% of total volume on global trusted exchanges relative to 31% last month.Butterfill noted.
Â
Want personalized crypto trades? DM me! 👉@bigbullcrypto_org
