CoinShares: Digital asset investment products saw net inflows of $619 million last week
Svmuu News: According to the latest weekly report from CoinShares, digital asset investment products saw net inflows of $619 million last week, indicating that the market’s initial reaction to the Iran crisis has provided support for the asset class.Net inflows totaled $1.44 billion over the first three days of the week, but despite nonfarm payroll data coming in far weaker than expected, outflows of $829 million were recorded on Thursday and Friday. The report noted that rising oil prices offset the inflation-easing expectations that the weak nonfarm payroll data might have otherwise generated, but the overall data indicates that market sentiment remains generally positive during periods of geopolitical tension. The United States accounted for nearly all of the positive sentiment, with net inflows of $646 million, while Europe, Asia, and Canada saw outflows of $23.8 million, $2.2 million, and $3.6 million, respectively. Bitcoin There were inflows of $521 million into , $88.5 million into Ethereum, $14.6 million into Solana, and $1.4 million each into Uniswap and Chainlink, while XRP saw outflows of $30.3 million.
Source:Odaily · Source Link
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