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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