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Traditional finance fears drive digital asset investment inflows to $160M

Press Releases Crypto News Cointelegraph Traditional finance fears drive digital asset investment inflows to $160M

On March 27, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” revealing that digital assets continue to attract investors’ attention as concerns over the stability of traditional finance continue to grow.

According to the report, investment products in digital assets experienced inflows of $160 million last week, the largest since July 2022, marking a significant reversal after six weeks of outflows totaling $408 million. The report also noted that “while the inflows came relatively late compared to the broader crypto market,” investors are increasingly concerned about the stability of the traditional finance sector.

Investments came from various countries, including the United States, Germany and Canada, with inflows of $69 million, $58 million and $26 million, respectively.

According to the report, Bitcoin (BTC) products received inflows of $128 million due to clients viewing it as a “safe haven” for the first time. However, not all investors shared this view, as short-Bitcoin products also saw inflows of $31 million. Nevertheless, short-Bitcoin remains the investment product with the most inflows year-to-date, though it is not the best-performing product from a price perspective.

On the other hand, Ether (ETH) products experienced outflows of $5.2 million last week, marking the third consecutive week of outflows. The report attributes this trend to investor anxiety over the Shanghai upgrade, expected to occur on April 12. Various altcoins also saw inflows, with Solana’s SOL (SOL), Polygon’s MATIC (MATIC) and XRP ( Go to Source to See Full Article
Author: Judith BannermanQuist

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