CoinShares: Net inflow of digital asset investment products last week was $646 million

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2024/04/08 09:56

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PANews reported on April 8 that according to the latest weekly report of CoinShares, digital asset investment products continued to maintain positive capital inflows last week, totaling US$646 million, bringing the cumulative inflow so far this year to US$13.8 billion, a record high. Bitcoin continues to be the focus of attention, with inflows totaling $663 million last week, while investment products shorting Bitcoin saw outflows for the third consecutive week, totaling $9.5 million. Meanwhile, Ethereum saw its fourth consecutive week of outflows, totaling $22.5 million.

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The Federal Reserve's Beige Book shows little change in U.S. economic activity, with increasing divergence in the consumer market. JPMorgan predicts a Fed rate cut in December. Nasdaq has applied to increase the position limit for BlackRock's Bitcoin ETF options. ETH has returned to $3,000, signaling a recovery in market sentiment. Hyperliquid has sparked controversy due to a token symbol change. Binance faces a $1 billion terrorism-related lawsuit. Securitize has received EU approval to operate a tokenization trading system. The Tether CEO responded to S&P's credit rating downgrade. Large Bitcoin holders are increasing deposits to exchanges. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.

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The People's Bank of China held a meeting to crack down on virtual currency trading and speculation, clearly defining stablecoins as a form of virtual currency with risks of illegal financial activities, and emphasized the continued prohibition of all virtual currency-related businesses.

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