Digital assets investment products have witnessed cumulative inflows of up to $176M in the past seven days despite a shocking crash co-faced by stock and crypto markets. CoinShares, a prominent data platform in the crypto exchange-traded product market, stated that the digital asset investment products reportedly recorded $176M in total inflows in the past week. The platform provided the details of the respective development in a thorough report that it shared on Medium.

Digital Assets Investment Products Record $176M in Latest Weekly Investments

CoinShare noted that these investment products’ Total Assets under Management had dropped to $75B. This reportedly wiped off more than $20B in the correction. Nonetheless, since the respective point, it has been making a recovery, reaching $85B. The ETP-related trading activity rose to a great extent in comparison with the usual spot at $19 billion for the week. On the other hand, the $14B has been the weekly average during this year up till now.

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Normally, every region recorded inflows in the last week. This points toward a unanimous optimistic sentiment regarding the asset class after the latest price correction. In this respect, the noteworthy jurisdictions take into account Canada, Brazil, Switzerland, and the United States. They reportedly recorded $12.6M, $19M, $20M, and $89M in inflows respectively. The United States maintains its critical position as the only jurisdiction to witness $306 million in cumulative month-to-date net outflows.

Apart from that, Ethereum has made significant efforts and effectively benefited the most in this scenario. CoinShares asserted that the top altcoin leveraged the latest market correction to attract up to $155M in terms of inflows in the recent 7 days. As a result of that, the year-to-date inflows of Ethereum have also bettered their position. The present level of Ethereum’s year-to-date inflows is approximately $862 million.

Short BTC ETPs See the Biggest Outflows Since 2023’s May

This figure denotes the highest point since the year 2021. The chief driving force behind this takes into account the recent release of the spot ETH ETFs in the United States. Bitcoin commenced this week with considerable outflows nevertheless its cumulative weekly inflows reached $13M. CoinShares claimed that, since May last year, the short BTC ETPs witnessed their biggest outflows, touching $16M. This has minimized the AuM to the bottom in the case of short positions.