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Digital Asset Inflows of $136 Million in the Last Week
The digital asset market has seen a positive trend in the last week, with a total of $136 million inflows into various products related to bitcoin, ether and other digital assets. This is according to the latest report by CoinShares, a leading provider of digital asset investment products and research.
The report shows that bitcoin products attracted the most inflows, with $97 million, followed by ether products with $27 million. The remaining $12 million went to products that track other digital assets, such as cardano, polkadot and solana.
The inflows reflect the increased investor interest and confidence in the digital asset space, as the market recovers from the recent volatility and regulatory uncertainty. The report also notes that the trading volumes of digital asset products have increased by 38% compared to the previous week, reaching $4 billion.
The report also provides some insights into the market capitalization, price movements and investment trends of the major digital assets. Some of the highlights are:
- Bitcoin remains the dominant digital asset, with a market share of 42% and a price of $47,500 at the time of writing. Bitcoin has gained 3.6% in the last week and 24% in the last month.
- Ether is the second-largest digital asset, with a market share of 19% and a price of $3,300 at the time of writing. Ether has gained 1.5% in the last week and 35% in the last month.
- Cardano is the third-largest digital asset, with a market share of 4% and a price of $2.3 at the time of writing. Cardano has gained 8.4% in the last week and 120% in the last month, thanks to the anticipation of its smart contract launch in September.
- Polkadot is the fourth-largest digital asset, with a market share of 1.4% and a price of $25 at the time of writing. Polkadot has gained 10.8% in the last week and 70% in the last month, as it prepares for its parachain auctions and cross-chain interoperability.
- Solana is the fifth-largest digital asset, with a market share of 1.3% and a price of $70 at the time of writing. Solana has gained 64% in the last week and 260% in the last month, as it attracts more developers and users to its fast and scalable blockchain platform.
The report concludes that the digital asset market is showing signs of maturity and resilience, as it adapts to the changing regulatory and technological landscape. The report also suggests that investors should diversify their portfolios across different digital assets, as they offer different risk-reward profiles and growth potentials.
