Bitcoin Investment Products See Net Inflows of $20.4 Million!

Digital asset investment products experienced a surge in inflows last week, breaking a six-week dry spell. According to CoinShares, a total of $21 million flowed into these products, driven largely by bitcoin investment products, which saw net inflows of $20.4 million. The influx of funds was attributed to steadily rising bitcoin prices, which have increased in the wake of Elon Musk’s recent endorsement of the cryptocurrency. Last week’s inflows represent a sharp recovery from the outflows that had plagued the digital asset market over the past few weeks.