Rate of return on digital asset investments; Bitcoin bought $87.6m in revenue.
Digital asset investment products turned in after snapping an 11-week streak of positive cash flows. Last week's net income totaled $103 million, according to CoinShares head of research James Butterfill.
As usual, Bitcoin investment products attracted the highest capital flows. The digital asset manager reported revenue of $87.6 million during the period. Short-bitcoin also experienced a small turnover of $0.3 million.
Ethereum investment products recorded a net inflow of $7.9 million and saw positive activity, while Solana investment products attracted a net flow of $6 million. Among altcoins, only Avalanche and Litecoin recorded inflows of $2.6 million and $0.4 million respectively last week. In terms of geographical distribution, Germany, Canada and the USA are the leaders in investment and their money is 41.6 million dollars, 25.8 million dollars and 20.4 million dollars, respectively. Switzerland, Brazil, Australia, and France generated $15 million, $8 million, $1.2 million, and $0.3 million, respectively. On the flip side, Sweden experienced an outflow of $8.7 million. The latest estimates indicate a slight recovery from the previous CoinShares report, which revealed the end of an 11-week streak of positive cash flow for digital asset investment products, concluding with a total of $16 million in outflows. During that period, Bitcoin saw the biggest impact, with $33 million in spending. While most altcoins were able to buck the trend and post earnings, Ethereum and Avalanche-focused products saw modest declines.
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