Digital Asset Funds Flip Positive for First Time in 4 Weeks: CoinShares

As a seasoned crypto investor, I’ve seen my fair share of market fluctuations. The recent news that digital asset investment products experienced net inflows of $441 million last week, with Bitcoin accounting for the majority at $398 million, is certainly an encouraging sign after three weeks of outflows.

As an analyst, I’d interpret this data by saying that digital asset investment products experienced an inflow of approximately $441 million last week, marking a turnaround from the previous three weeks where there were net outflows.

In the seven-day period ending on June 7, investors poured over $2 billion into newly registered products.

Recent events, such as Mt. Gox’s preparations to repay creditors and the German authorities transferring large quantities of bitcoin to exchanges, have reportedly caused the price weakness that led to the observed outflows, according to CoinShares.

According to CoinShares, investors probably viewed this situation as a chance to buy more. Nevertheless, the positive attitude didn’t translate into blockchain stock investments, which experienced an outflow of $8 million, bringing their year-to-date total to a significant loss of $556 million.