CoinShares: Digital asset investment products saw a net inflow of $619 million last week

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Gate News reports that on March 9, CoinShares’ latest weekly report shows that digital asset investment products had a net inflow of $619 million last week, indicating that market initial reactions to the Iran crisis supported this asset class. The first three days of the week saw a net inflow of $1.44 billion, but despite non-farm payroll data being much weaker than expected, there were outflows of $829 million on Thursday and Friday. The report notes that rising oil prices offset the inflation relief expectations that weak non-farm data could have brought, but overall market sentiment during geopolitical tensions remained positive. The United States contributed almost all of the positive sentiment, with a net inflow of $646 million, while Europe, Asia, and Canada saw outflows of $23.8 million, $2.2 million, and $3.6 million respectively. Bitcoin saw inflows of $521 million, Ethereum $88.5 million, Solana $14.6 million, Uniswap and Chainlink each $1.4 million, and XRP experienced outflows of $30.3 million.

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