last week with bitcoin-based offerings accounting for more than 85% of the amount, investment firm CoinShares said in a weekly report.products had inflows of $570 million last week alone, bringing year-to-date flows to $5.6 billion. However, recent price rises have led to some interest in bets against price rises, with inverse investment products attracting $3.9 million.also experienced inflows, adding $17 million, $1.8 million and $1.1 million respectively.
Overall, these products saw the fourth consecutive week of net inflows, bringing the year-to-date total to $5.7 billion – indicative of the growing interest in cryptocurrency investments from regulated funds. The U.S. has emerged as the primary driver, with a net $610 million flowing into crypto investment products. However, these figures were impacted by incumbent issuer Grayscale, which saw further outflows totaling $436 million last week.
Blockchain equities are seeing a different trend. Such products saw outflows of $81 million, suggesting that equity investors are more cautious in the current market.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.
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