Crypto Investment Sentiment Surges with Record Inflows and Wall Street Support

Digital asset investment products witnessed the largest single weekly inflows in a year, dominated by bitcoin-related products, after nine consecutive weeks of outflows, according to a report from CoinShares. The inflows totalled $199 million, which reversed almost half of the prior nine consecutive weeks of outflows. The positive sentiment is due to recent announcements from high profile ETP issuers that have filed for physically backed ETFs with the U.S. Securities & Exchange Commission. However, the positive sentiment didn’t flow through into altcoin investments, according to the report.