CoinShares: Digital asset investment product inflows totaled $130 million last week

Golden Finance reported that according to the CoinShares weekly report, digital asset investment products inflowed for the first time in five weeks last week, with total funds reaching US$130 million. However, ETP trading volumes continue to decline, with $8 billion in volume this week compared to an average of $17 billion in April. The United States saw the largest inflows, totaling $135 million, while Grayscale saw its lowest weekly outflows since January, totaling $171 million. Switzerland saw inflows of $14 million. Hong Kong saw inflows of just $19 million after record inflows the previous week, suggesting that most of the funding in the Bitcoin ETF’s first week after launch was seed funding. Bitcoin inflows reached $144 million. Outflows from short Bitcoin ETPs totaled $5.1 million, bringing outflows over the past eight weeks to $18 million.