After five weeks of continuous outflows, digital asset investment products saw a turnaround last week, attracting $644 million in inflows. This pushed total assets under management up by 6.3% from their March 10 low.<\/p>\n
The reversal was further validated by daily inflows throughout the week, breaking a 17-day streak of outflows.<\/p>\n
According to the latest edition of CoinShares\u2019 Digital Asset Fund Weekly Report<\/a>, the latest shift is a \u201cdecisive shift in sentiment toward the asset class.\u201d Bitcoin drove last week\u2019s recovery as it attracted $724 million in inflows. In the process, it reversed a five-week outflow streak that had drained $5.4 billion.<\/p>\n Meanwhile, short-Bitcoin investment products continued to see outflows for a third consecutive week with the latest one being $7.1 million.<\/p>\n The sentiment in the altcoin market was mixed. Ethereum, for one, experienced the largest outflows of $86 million. Other altcoins such as Sui, Polkadot, Tron, and Algorand followed suit with outflows of $1.3 million, $1.3 million, $0.95 million, and $0.82 million, respectively.<\/p>\n On the other hand, XRP led with $6.7 million in inflows, followed by Solana with $6.4 million. Multi-asset products saw $3.2 million in inflows. Polygon, Chainlink, and Cardano saw more modest gains of $0.4 million, $0.2 million, and $0.1 million, respectively.<\/p>\n The United States dominated the inflows with $632 million, accounting for the majority of the positive trend. Other countries, such as Switzerland, Germany, and Hong Kong, also recorded inflows of $15.9 million, $13.9 million, and $1.2 million, respectively.<\/p>\n Brazil and Australia recorded smaller amounts, at $1.1 million and $0.2 million, while Sweden and Canada saw outflows of $10.3 million and $9.1 million, respectively.<\/p>\n The post After 17 Days of Outflows, Crypto Products Finally Broke the Streak<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" After five weeks of continuous outflows, digital asset investment products saw a turnaround last week, attracting $644 million in inflows. This pushed total assets under management up by 6.3% from their March 10 low. The reversal was further validated by daily inflows throughout the week, breaking a 17-day streak of outflows. According to the latest […]<\/p>\n","protected":false},"author":0,"featured_media":54167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-54166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/54166"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54166"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/54166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/54167"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}