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Digital Asset Investment Products experienced a strong turnaround last week, registering $ 644 million in entries and ending a sequence of five weeks of outings.
The change marks a change in the feeling of investors, the entries recorded every day of the week after 17 consecutive days of outings, according to a report of Coinshares.
Consequently, total assets under management increased by 6.3% compared to their recent lower on March 10.
The United States has represented most of the entries, which contributes to $ 632 million.
However, renewed optimism was not limited to the United States, with Switzerland, Germany and Hong Kong also seeing entries of $ 15.9 million, $ 13.9 million and $ 1.2 million, respectively.
Bitcoin was the Clear leader in recovery, attracting $ 724 million after five weeks of outings totaling $ 5.4 billion.
Short -term products, which benefit from price reductions, have displayed outings for a third consecutive week, allowing $ 7.1 million.
Altcoins have shown mixed results. Ethereum has led out of 86 million dollars, while other tokens like SU, Polkadot, Tron and Algorand have also experienced modest losses.
On the other hand, Solana attracted $ 6.4 million in entries, the polygon and the online link seeing gains smaller by $ 0.4 million and $ 0.2 million, respectively.
ETHEREUM ETHEREUM was faced with notable pressure last week, recording net outings of $ 103 million between March 17 and March 21, according to Sosovalue data.
The losses contrast strongly with the continuous momentum of the Bitcoin ETF, which saw $ 744 million in net entries during the same period.
The most important release of Ethereum came from the ETF ETF (ETHA) of BlackRock, which saw $ 74 million in net withdrawals.
While the Graycale Ethe said a modest weekly networking of 2.87 million dollars, its cumulative exit remains substantial at $ 4.17 billion.
Overall, the ETF ETHEREM ETFs now have a total combined value of $ 6.77 billion, which represents 2.84% of the total market capitalization of Ethereum.
Historical cumulative entries in all ETHEREUM ETHEREM amount to $ 2.42 billion.
On the other hand, the Bitcoin ETFs continue to benefit from the increase in institutional demand.
Bitcoin ETF de BlackRock (IBIT) paved the way with $ 538 million in weekly net entries, marking its sixth consecutive day of positive flows.
As of March 22, the Bitcoin ETF managed $ 94.35 billion in assets, or 5.65% of the market capitalization of 1.667 Billion of dollars of bitcoin.
Last week, volatility actions launched two ETF Solana, volatility sharing Solana ETF (Solz) and volatility shares 2x ETF Solana (SOLT).
This marks the first time that Solana ETF will be available for American investors, expanding access to one of the largest cryptocurrencies by market capitalization.
Post crypto investment products see entries of $ 644 million, which ends the five -week outings appeared first on Cryptonews.