According to CoinShares Report
, recent price declines led to significant buying on weakness, with digital asset investment products recording $1.3bn in inflows for the fifth consecutive week:🟠Total inflows for 2024 have reached $7.3bn, while assets under management in ETPs declined to $163bn from a peak of $181bn in late January
🟠Bitcoin saw inflows of $407m, with ETPs now representing 7.1% of its market capitalization, making them the largest holder relative to any other entity
🟠Ethereum led inflows this week, attracting $793m after its price dipped close to $2,100, marking the first time it outpaced Bitcoin in inflows this year
🟠Other notable inflows: XRP ($21m) and Solana ($11m)
🟠Blockchain equities saw an additional $33m in inflows, bringing year-to-date inflows to $194m
@DegenAgency