Bitcoin and Altcoin Investment Products Seen Huge Inflows: Report

• CoinShares has published its updated report on digital asset investments.
• Outflows from investment products in Germany and Canada continued.
• Spot Bitcoin ETFs contributed to further momentum in inflows.

More than $1 billion flowed into the digital asset investment products, recording a substantial gain last week. Digital asset investment products received more than $1.1 billion in inflows last week, according to CoinShares’ latest report.

The increase in inflows coincides with the launch of spot Bitcoin ETFs in the United States, grabbing attention. Notably, Grayscale reported a weekly loss of $414 million despite this huge outflow. On the other hand, BlackRock’s Bitcoin ETF stands out, with inflows exceeding $693 million.

Spot Bitcoin ETFs launched on January 11th caused inflows as high as $2.8 billion. Last week, however, there was a slowed pace of outflows from Grayscale, despite ongoing outflows from Grayscale. Nonetheless, CoinShares commented that potential Genesis assets worth $1.6 billion being put up for sale could lead to even more outflows in the coming months.

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