Coinshares saw the first inflows into ethereum in two months as assets under management rose 13% thanks to the recent increase in crypto prices, the largest gain since Oct. 2021.
Digital asset investment products saw minor inflows of $9.2 million, though trading volumes were low at $866 million, the company said in its digital asset fund flows weekly report. Bitcoin saw the largest flows at $10 million, while ethereum reversed eight weeks of outflows with $5.6 million coming in.
Multi-asset investment products saw outflows as investors moved toward specific digital assets.
XRP reverse last week’s gains with outflows of $3.3 million.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://www.theblock.co/post/202807/coinshares-sees-first-inflow-of-eth-after-two-months-aum-up-most-since-2021?utm_source=rss&utm_medium=rss