Digital Assets Sees $43 Million Inflows Within a Week

Digital Assets Sees $43 Million Inflows Within a Week

Investment Bitcoin

By Miles

11 Dec 2023 (7 months ago)

1 min read

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Digital assets gain $43M in a week, with Bitcoin leading despite market uncertainty and Europe dominating inflows.

Digital asset investmentshave seen inflows of $43 million in the last week, continuing an 11-week positive trend. However, this is less than in previous weeks. CoinShares reported a shift towards short positions due to rising prices, as some investors expect a price drop.

Blockchain equities recorded their highest-ever weekly inflows at $126 million. Bitcoin attracted $20 million, bringing its total for the year to $1.7 billion. Yet, short Bitcoin positions also increased by $8.6 million, indicating uncertainty about the continuation of a price increase.

Ethereum has reversed its trend, with six weeks of inflows now totaling $10 million, after a previous outflow of $125 million. This shift brings its total inflows to $19 million.

Altcoins like Solana and Avalanche also gained popularity, with inflows of $3 million and $2 million, respectively.

From a regional perspective,Europe leads with $43 million in inflows. The United States saw $14 million, half of which was in short positions. Hong Kong and Brazil experienced outflows, losing $8 million and $4.6 million, respectively.

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