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Last week marked a significant rebound for digital asset investment products, capturing $441 million in net inflows and breaking a three-week trend of net outflows, reports CoinShares. This surge in investor interest comes despite recent market volatility, notably influenced by the impending repayments from the defunct Mt. Gox exchange and significant Bitcoin transactions by Germany’s law enforcement.
Bitcoin dominated the inflows, accounting for $398 million of the total, though it’s noteworthy that this figure represents only 90% of the inflows—a rare occurrence for the leading cryptocurrency. Altcoins also saw some action, with Solana-based products attracting $16 million, signaling a diversifying investor appetite.
Despite the positive influx in the crypto products sector, blockchain equities experienced a setback, shedding $8 million. This outflow brings their year-to-date losses to $556 million, highlighting a mixed sentiment in broader blockchain investments. This dynamic suggests that while caution remains, many see the current prices as prime buying opportunities.
