CoinShares: Digital Asset Products Saw $1 Billion in Inflows Last Week, Ending 5 Consecutive Weeks of Outflows
BlockBeats News, March 2nd. According to a CoinShares report, digital asset products saw $1 billion in inflows last week, ending a five-week streak of $4 billion in outflows. Market sentiment was influenced by price weakness, technical reset, and whale accumulation support.
From a macro perspective, it is difficult to attribute the sentiment shift to a single catalyst. However, previous price weakness, breaking through key technical levels, and large Bitcoin holders accumulating again seem to have contributed to this reversal. At a more specific level, recent client discussions have almost entirely focused on finding entry points rather than reducing exposure to this asset class.
Bitcoin was the main beneficiary, recording $881 million in inflows, although Bitcoin bear products saw $3.7 million in inflows, highlighting ongoing market divergence in views.
Ethereum also saw $117 million in inflows, the largest since mid-January. Ethereum and Bitcoin remain in a net outflow position year-to-date. Solana saw $53.8 million in inflows last week, bringing the year-to-date total to $156 million. Chainlink saw $3.4 million in small inflows with no significant outflows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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