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Investing

Digital Asset Funds See Largest Weekly Inflows Since July 2022

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By 247patrick Published
Digital Asset Funds See Largest Weekly Inflows Since July 2022

© 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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