CoinShares continues to see institutional flows for the 5th consecutive week.
CoinShares’ latest Digital Asset Fund Flows Weekly Report revealed that the week ended on a positive note for inflows.
Inflows to digital asset investments products totaled $42M last Wednesday. All digital assets saw inflows last week, which we believe signals an improving investor sentiment.
Also, it’s worth noting that Bitcoin saw an inflow of $15 million and suffered from negative investor sentiment only three times in the last 16 weeks. As CryptoPotato reported, the network suffered from an outage and was off for hours.Despite this, Solana saw inflows of some $4.8 million, which “suggests investors were happy to shrug off the attack, seeing it as teething problems rather than something more inherent with the network.”Nevertheless, this report accounts for the data up until September 17th. The cryptocurrency market has suffered a massive collapse in the last few days. This led to Bitcoin dropping to $40,000, while other cryptocurrencies are also falling.
Marla Brooks – Financial Analysis
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