Digital Asset Inflows Hit Record $117M Last Week

Digital Asset Inflows Hit $117M Last Week

  • Digital-asset products saw inflows totaling $117 million last week, according to the crypto investment firm CoinShares.
  • This marks the largest inflow recorded since July 2022 and increased assets under management (AuM) to $28 billion.
  • Inflows associated with blockchain equities stood at $2.4 million.

Total Investment Products Volume

Investment products remain only 1.4% of total volumes on trusted crypto exchanges. Data shows that $1.3 billion were traded for the week, up by 17% compared to the YTD average and are improving.

Bitcoin Investment Funds

Bitcoin-tied investment funds alone recorded $116 million in inflows last week as Bitcoin climbed above $23,000 after surging by well over 40%. Minor inflows into short-bitcoin of $4.4 million were also noted during the same time frame.

Altcoin Investment Products

Altcoins such as Solana, Cardano, and Polygon recorded inflows, while Bitcoin Cash, Stellar, and Uniswap saw minor outflows. Despite this market recovery in the past few weeks, investors are still cautious preferring select investments – as seen by continued outflows for the 9th consecutive week in multi-asset investment products that added up to $6.4 million.

Blockchain Equity Investments

> Blockchain equities saw inflows of $2.4 million but sentiment was polarized amongst providers.

> Digital asset products saw strong inflows totaling $117 million last week – marking it’s highest level since July 2022 and increasing total AuM to 28 billion dollars – driven by Bitcoin’s surge above 23000 USDT year-to-date and Altcoin investments in Solana, Cardano & Polygon among others . However investors remain selective with their investments prefering certain options over others as seen through continuing outflow from multi-asset investment products & polarized sentiment from providers towards blockchain equity investments