According to data, digital asset investment products saw inflows totaling $57 million last week, bringing flows back to a net inflow position year-to-date.
The U.S. saw the most inflows at $27 million, while Germany, Switzerland and Canada also experienced inflows of $17 million, $13 million and $2.2 million, respectively.
Despite the positive sentiment, volumes were low at $970 million for the week, and global Bitcoin BTC/USD exchange market volumes were just 25% of the year-to-date average at $18 billion for the week.
The primary focus of the inflows was Bitcoin with $56 million in inflows representing 98% of all inflows.
Also Read: BRICS World Currency Takeover: Is This The End Of Traditional Money?
Seven altcoins saw minor inflows with Uniswap UNI/USD, Polkadot DOT/USD, and Polygon MATIC/USD leading the pack.
Despite the Shapella upgrade on the Ethereum ETH/USD network on April 12, inflows have been relatively minor at $0.6 million.
Blockchain equities experienced minor inflows of $2.1 million.
Read Next: FTX's Meteoric Ascent And Downfall: New Report Details Extensive Arrogance And Greed
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
