CoinShares: Digital asset investment products saw net inflows of $619 million last week.

PANews reported on March 9th that, according to CoinShares' latest weekly report, digital asset investment products saw a net inflow of $619 million last week, indicating that the market's initial reaction to the Iranian crisis supported the asset class. The first three days of the week saw a net inflow of $1.44 billion, but despite much weaker-than-expected non-farm payroll data, $829 million flowed out on Thursday and Friday. The report noted that rising oil prices offset the inflation easing expectations that the weak non-farm payroll data could have brought, but overall data shows that market sentiment was generally positive during a period of geopolitical tension.

The US 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 $1.4 million each, and XRP $30.3 million.