CoinShares Digital Asset Fund Flows Weekly Report shows that cryptocurrency assets experienced inflows for the first time in six weeks during the week of Sep. 22-28.
Cryptocurrency assets experienced inflows for the first time in six weeks during the week of Sep. 22-28, according to the latest Digital Asset Fund Flows Weekly Report from European digital assets management firm CoinShares.This week inflows: US$21m Solana took second with $5 million as the only other asset to show inflows. Per CoinShares, this is its 27th week of inflows with only four weeks of outflows for 2023, making it “the most loved altcoin this year.
On the flip side, Ethereum experiences outflows in the amount of $1.5 million. This marks its seventh consecutive week of outflows and, according to CoinShares, solidifies its status as “the least loved altcoin.”Flows for other altcoins, including XRP after it saw more inflows than Solana in the previous week, were negative and minimal.
Geographically, Germany, Canada, and Switzerland lead the charge for the week with inflows amounting to $17.7 million, $17.2 million, and $7.4 million respectively. Australia and France held the line, metaphorically speaking, with $0.1 million for the former and a nil push for the latter. The United States played foil to Europe and Canada’s inflows, registering $18.5 million in outflows with Sweden and Brazil following suit at $1.8 and $0.9 outgoing respectively.
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