Bitcoin saw its 7th straight week of outflows: Coinshares

April 24, 2021

After six consecutive weeks of outflows, digital asset investment products saw net inflows of US$21 million, indicating an improved investor sentiment, according CoinShares, Europe’s largest digital assets fund manager.

However, Bitcoin saw its 7th straight week of outflows totally US$2.8 million, matching the run seen in January 2018.

Total assets under management has increased to US$57.3 billionn, the highest since mid-May.

Solana, competitive to Ethereum offering flexible infrastructure and faster transaction settlement, saw the largest inflows of any digital asset last week totally US$7.1 million.

Ethereum saw minor inflows of US$3.2 million last week along with other altcoins such as Cardano,Litecoin and Polkadot which saw inflows of US$6.4million, US$1.8 million and US$1.1 million, respectively.

Image Credit PxHere

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