CoinShares: Net inflows of $3.3 billion into digital asset investment products last week

PANews reported on May 26 that according to CoinShares' latest weekly report data, last week, digital asset investment products recorded an inflow of $3.3 billion, with a total inflow of $10.5 billion for six consecutive weeks, and a total inflow of $10.8 billion year-to-date, with total assets under management briefly hitting a record high of $187.5 billion. Affected by Moody's downgrade and surging U.S. Treasury yields, investors are worried about the U.S. economy and are turning to digital assets to diversify their investments. The U.S. market saw the highest inflows of $3.2 billion, while Germany, Australia and Hong Kong also saw inflows, while Swiss investors saw outflows of $16.6 million as they locked in earnings. Bitcoin led the way with $2.9 billion, but some investors saw the price rise as an opportunity to short, and the shorting product attracted $12.7 million. Ethereum saw an inflow of $326 million, rising for five consecutive weeks, and market sentiment was positive. XRP's 80-week streak inflow record was broken, with an outflow of $37.2 million last week.