During the week of September 22 to 28, cryptocurrency assets experienced inflows for the first time in six weeks, according to CoinShares’ Digital Asset Fund Flows Weekly Report. Bitcoin saw the largest inflow of $20.4 million, while Solana’s SOL was the only other asset to show inflows with $5 million. Ether, on the other hand, experienced outflows of $1.5 million for the seventh consecutive week. The report attributed the inflows to positive price momentum and concerns over US government debt prices. Geographically, Germany, Canada, and Switzerland led in inflows, while the United States saw outflows of $18.5 million.
Summary:
– Cryptocurrency assets experienced inflows for the first time in six weeks.
– Bitcoin had the largest inflow of $20.4 million.
– Solana’s SOL was the only other asset to show inflows with $5 million.
– Ether experienced outflows of $1.5 million for the seventh consecutive week.
– Inflows were attributed to positive price momentum and concerns over US government debt prices.
– Germany, Canada, and Switzerland led in inflows, while the United States saw outflows of $18.5 million.
