, on the other hand, logged inflows of $3 million, bringing its nine-week run of inflows to $162 million.According to CoinShares, digital asset investment products registered minor outflows of $9 million in the past week.
This led market volume to decline by 55% off the year average to its second-lowest position this year.As for Ethereum, CoinShares noted that in the last week, the leading altcoin saw inflows of $3 million. Noting that the last nine weeks have been a turn-around in sentiment for Ethereum. “At the mid-point in June Ethereum investment products had seen year-to-date outflows totalling US$459m. Since this point, as there has been improving clarity on the Merge, Ethereum has seen a 9-week run of inflows totalling US$162m.”
With $3 million in inflows last week, Ethereum’s month-to-date inflows stood at $19.7 million, according to the report.With regards to regions, CoinShares reported that the USA, Germany, and Sweden logged outflows of $10 million, $2.4 million, and $2.1 million, respectively.Read the best crypto stories of the day in less than 5 minutes