Digital asset investment products experienced their 11th straight week of inflows measuring $43 million, according to CoinShares. Blockchain focused equities experienced the largest inflows on record at $126 million.
CoinShares added that there was a “notable” increase in short position inflows due to recent price appreciation and perceived downside risks.
Europe led the increase with $43 million of inflows, with the US following with $14 million – half of which was for short sales.
Hong Kong and Brazil both saw outflows of $8 million and $4.6 million, respectively.
Bitcoin continues to garner the most interest experiencing $20 million of inflows, bringing year-to-date inflows to $1.7 billion.
Short-Bitcoin bets saw $8.6 million inflows, as some wager the rise in price of BTC is not sustainable.
Ethereum saw a sixth week of inflows at $10 million. Just 7 weeks ago.
Popular altcoins, Solana and Avalanche, booked inflows of $3 million and$2 million respectively,