CoinShares: Digital asset investment products saw approximately $1 billion in net inflows last week

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PANews March 2 News, according to CoinShares’ latest weekly report, digital asset investment products saw approximately $1 billion in net inflows last week, ending a previous five-week period of a total $4 billion net outflow. Regionally, the US saw inflows of about $957 million, while Canada, Germany, and Switzerland experienced inflows of $34.1 million, $31.7 million, and $28.4 million respectively. By asset, Bitcoin received approximately $881 million in inflows, but short Bitcoin products also saw inflows of $3.7 million, reflecting ongoing market divergence; Ethereum saw inflows of $117 million, the highest since mid-January this year, but both Bitcoin and Ethereum remain net outflows for the year. Solana had a weekly inflow of $53.8 million, with a total inflow of $156 million year-to-date, continuing to lead major altcoins, while Chainlink recorded a slight inflow of $3.4 million.

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