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CoinShares: Last week's digital asset investment products saw inflows of $1.4 billion
Golden Finance reports that on April 20th, according to CoinShares monitoring, last week’s digital asset investment products saw a capital inflow of $1.4 billion, reaching the highest weekly inflow since January and marking the third consecutive week of positive growth. Bitcoin saw a capital inflow of $1.12B, bringing the total capital inflow this year to $3.1 billion. Breaking through the $76k mark, this signifies an important technical breakthrough for Bitcoin after experiencing two months of range-bound fluctuations. The capital inflow into products that short Bitcoin was only $1.4 million, indicating that hedging demand still exists but on a limited scale.
Ethereum attracted $328 million in capital inflows, the strongest week since January, bringing the total capital inflow this year to $197 million, while XRP and Solana experienced outflows of $56 million and $2.3 million respectively.