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Digital Asset Funds See Largest Weekly Inflows Since July 2022

According to a new report by CoinShares, digital asset funds saw $160M in inflows last week. This marks a turnaround for the products, which had previously seen six weeks of net outflows. Bitcoin-based funds received the highest portion of the…

By 247patrick
Published March 27, 2023, 10:21pm ET · 1 min read

A dark blue background shows faint world map outlines and digital data points. Multiple glowing blue-green Bitcoin symbols are enclosed in square frames, interconnected by bright blue lines, forming a web-like pattern across the image.
An intricate network of digital currency symbols illustrates the global infrastructure enabling stablecoin transactions. This visual represents the growing volume of blockchain-based payments that Visa aims to integrate into its settlement services. © da-kuk / E+ via Getty Images

According to a new report by CoinShares, digital asset funds saw $160M in inflows last week. This marks a turnaround for the products, which had previously seen six weeks of net outflows.

Bitcoin-based funds received the highest portion of the inflows at $120M. Interestingly, short Bitcoin products also saw inflows of $30M.

It can be suggested that the change in trend could be propelled by a growing lack of trust in TradFi, on the back of several banks collapsing recently.

This article originally appeared on The Tokenist

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