CoinShares: Digital asset investment products saw net inflows of $2.2 billion last week

Bitget App

Trade smarter

Cointime2024/11/18 11:11

By:Cointime

According to the latest weekly report from CoinShares, the inflow of funds into digital asset investment products increased by a further $2.2 billion last week, bringing the total inflow of funds since the first interest rate cut in September to $11.7 billion, and the total inflow of funds so far this year has reached a record-breaking $33.5 billion. Recent market activity, especially Bitcoin's breakthrough to a new historical high, has pushed the total asset under management (AuM) to a new high of $138 billion earlier this week. Ethereum seems to have shaken off negative sentiment, with inflows of $646 million (5% of AUM), possibly due to Justin Drake's Beam Chain network upgrade proposal and the recent US election. Solana also saw inflows of $24 million.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

President Trump on Saturday signed an executive order imposing 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China.The implementation of the tariffs was delayed to Tuesday at 12:01 am.Mexico’s President Sheinbaum announced the country would implement both tariff and non-tariff retaliatory measures, while Canadian PM Trudeau said Saturday night Canada would implement 25% tariffs on a swath of American goods in response.

The Block•2025/02/02 02:55