Coinshares reports fourth consecutive week of inflows

Quick Take

  • Coinshares reported a fourth consecutive week of digital asset investment product inflows, totaling $76 million last week.

Coinshares reported a fourth consecutive week of digital asset investment product inflows, totaling $76 million last week.

Year-to-date inflows reached $230 million, "highlighting a decisive change in investor sentiment for the beginning of 2023," the firm said in its weekly report.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Bitcoin dominates demand with inflows of $69 million, representing 90% of the total flows for the week.

"Despite the improving clarity around unstaking, Ethereum saw only US$0.7m of inflows," the firm said.


© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Christiana is a long-time journalist who has written about markets in the Americas, politicians who stashed cash in their underwear and high-end heels, to name just a few. She previously spent six years at Bloomberg, and her work has appeared in the WSJ, LA Times, Insider, Vogue Business and more. Christiana has a bachelor's degree in English from Pace University and a master's degree in journalism from New York University. She completed a master's degree in media psychology for fun.

Editor

To contact the editor of this story:
Larry DiTore at
[email protected]