CoinShares, a European cryptocurrency investment company, reported a positive sentiment in its latest “Digital Asset Fund Flows Report” with digital asset investment products experiencing inflows of $57 million last week, bringing them back to a net positive position year-to-date. However, despite this, global Bitcoin exchange volumes were low, amounting to only 25% of the year-to-date average at $18 billion for the week. The report showed that inflows were primarily driven by investors in the United States, with $27 million in inflows. Meanwhile, Germany, Switzerland, and Canada saw positive sentiment, with inflows totaling $17 million, $13 million, and $2.2 million, respectively. Bitcoin remained the focus of investors, receiving $56 million in inflows, accounting for 98% of all inflows.
Altcoins, including UNI, DOT, and MATIC, saw minor inflows of less than $1 million each. Ethereum inflows were relatively minor at $600,000, indicating that investors may be cautious about investing in ETH until they are more confident about the impact of the scheduled Shapella upgrade on April 12. Blockchain equities saw minor inflows totaling $2.1 million. Despite low volumes, the positive sentiment in the digital asset market last week indicates that investors remain bullish on the prospects of cryptocurrency.
