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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

Close-up, high-angle view of a dark blue digital background featuring multiple glowing cyan Bitcoin symbols enclosed in square frames. These frames are interconnected by thin, bright blue lines, forming a network pattern over faint, ethereal outlines of a world map and digital data points. Soft orange and yellow light sources are visible in the upper right background, creating a futuristic and interconnected digital landscape.
The interconnected digital network, symbolized by glowing Bitcoin icons, represents the global blockchain infrastructure. This visualization highlights the return of Tether's USDT to the Bitcoin network, potentially enhancing its role as a payments chain. © 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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