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CoinShares Weekly Report: US$785M Inflows, Ethereum Sentiment Rebounds

  • CoinShares reported US$785 million in inflows, marking a full recovery from the previous outflows experienced during the February-March correction.
  • Regional sentiment varied, with the United States leading in inflows, followed by Germany and Hong Kong. However, Sweden, Canada, and Brazil experienced outflows.
  • Ethereum saw $205 million in weekly inflows, attributed to renewed investor confidence following the Pectra network upgrade and new co-executive director appointment.
  • Bitcoin remained dominant in overall inflows with $557 million, while short-Bitcoin products recorded inflows, implying caution among investors amidst recent price gains. Solana was the only major altcoin-based ETP to experience outflows.

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