Another Week of Institutional Accumulation: CoinShares Sees $42 Million Weekly Crypto Inflows

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.

Source: CoinShares

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.
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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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