Bitcoin drives digital asset inflows for the first time in 6 weeks: Report
But Solana was the only other major asset to show inflows for the week. Cryptocurrency assets experienced inflows for the first time in six weeks during the week of Sep. 22-28, according to the latest Digital Asset Fund Flows Weekly Report from European digital assets management firm CoinShares. Bitcoin was the biggest gainer with in flows in the amount of $20.4 million for the week. Good week, everyone. Here are the latest #FundFlows and observations by CoinShares Head of Research @JButterfill. This week in flows : US$21m (after 6 weeks of out flows ) We believe these in flows are a reaction to a combination of positive price momentum, fears over US… pic.twitter.com/0VHHBh1n50 — CoinShares (@CoinSharesCo) October 2, 2023 Solana took second with $5 million as the only other asset to show inflows. Per CoinShares, this is its 27th week of inflows with only four weeks of outflows for 2023, making it “the most loved altcoin this year.” On the flip side, Ethereum experiences outflow...