CoinShares: Digital asset investment products saw net inflows of $619 million last week

PANews, March 9 – According to the latest weekly report from CoinShares, digital asset investment products saw a net inflow of $619 million last week, indicating that the market's initial reaction to the Iran crisis provided support for this asset class. There was a net inflow of $1.44 billion in the first three days of the week, but despite non-farm payroll data being much weaker than expected, there was still an outflow of $829 million on Thursday and Friday. The report pointed out that rising oil prices offset the inflation relief expectations that could have been brought by the weak non-farm data, but overall, the data shows that market sentiment remained generally positive during periods of geopolitical tension.

The United States contributed almost all of the positive sentiment, with a net inflow of $646 million, while Europe, Asia, and Canada saw outflows of $23.8 million, $2.2 million, and $3.6 million, respectively. Bitcoin saw an inflow of $521 million, Ethereum had an inflow of $88.5 million, Solana had an inflow of $14.6 million, Uniswap and Chainlink each had an inflow of $1.4 million, and XRP had an outflow of $30.3 million.