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<\/p>\nOn March 27, European cryptocurrency investment firm CoinShares published its latest \u201cDigital Asset Fund Flows Report,\u201d revealing\u00a0that digital assets continue to attract investors\u2019 attention as concerns over the stability of traditional finance continue to grow.\u00a0<\/p>\n
According to the report, investment products in digital assets experienced inflows of $160 million last week, the largest since July 2022, marking a significant reversal after six weeks of outflows totaling $408 million. The report also noted that \u201cwhile the inflows came relatively late compared to the broader crypto market,\u201d investors are increasingly concerned about the stability of the traditional finance sector.<\/p>\n
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Investments came from various countries, including the United States, Germany and Canada, with inflows of $69 million, $58 million and $26 million, respectively.<\/p>\n
According to the report, Bitcoin (BTC) products received inflows of $128 million due to clients viewing it as a \u201csafe haven\u201d for the first time. However, not all investors shared this view, as short-Bitcoin products also saw inflows of $31 million. Nevertheless, short-Bitcoin remains the investment product with the most inflows year-to-date, though it is not the best-performing product from a price perspective.<\/p>\n
On the other hand, Ether (ETH) products experienced outflows of $5.2 million last week, marking the third consecutive week of outflows. The report attributes this trend to investor anxiety over the Shanghai upgrade, expected to occur on April 12. Various altcoins also saw inflows, with Solana\u2019s SOL (SOL), Polygon\u2019s MATIC (MATIC) and XRP (XRP)\u00a0products attracting $4.8 million, $1.9 million and $1.2 million, respectively.<\/p>\n
Related:\u00a0Breaking: First Citizens snaps up Silicon Valley Bank \u2014 Branches open Monday<\/strong><\/em><\/p>\n Overall,\u00a0the report cited\u00a0rising concerns over the stability of traditional finance as the reason for the growing interest in digital assets, as many investors are starting to view the sector as a \u201csafe haven.\u201d<\/p>\n Additionally, over the last couple of weeks, many investors have rotated their portfolio investments due to the banking crisis, which has resulted in the sending of over $286 billion into United States money market funds so far in March, according to Emerging Portfolio Fund Research data obtained by the Financial Times.<\/p>\n The influx of money into money market funds can be attributed to concerns about the stability of the financial system, as banks in the U.S. and Europe are experiencing liquidity constraints due to tightening monetary policies. During times of uncertainty, money market funds are a preferred investment option for many, as they offer high liquidity and low risk. Presently, these funds are providing some of the best yields in years due to the continuous interest rate hikes by the U.S. Federal Reserve aimed at curbing inflation.<\/p>\n