The crypto exchange-traded product market has made a big shift in the last two weeks, from nearly $500 million of outflows to $708 million of inflows, according to CoinShares.
Digital asset investment products posted over $700 million in inflows during the week ending Feb. 2, reversing a prior week of outflows — due mainly to a flood of investors to Bitcoin (BTC) products in the United States, according to alternative asset manager CoinShares.
Inflows into the global digital asset product market amounted to $708 million, with United States-listed products making $720 million of inflows in the week. Bitcoin products, including the newly launched spot Bitcoin ETFs, accounted for most digital asset product inflows at $703 million, according to the data.
The number is a reversal of outflows from the previous week, which totalled $499.7 million across all digital asset investment products.
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Source: https://cointelegraph.com/news/bitcoin-drives-digital-asset-market-gains-grayscale-selloff-slows