• Digital asset investment products saw inflows of around $117 million last week, the biggest since July 2022.
• Bitcoin accounted for nearly all of the weekly inflows. Total assets under management (AUM) rose to over $2.8 billion, up 43% from its November low.
• Investment products also saw an improvement in terms of weekly volumes, with $1.3 billion traded, up 17% compared to the year-to-date average.
Overview
Digital asset investment products saw inflows of about $117 million last week, the biggest since July 2022. Bitcoin saw almost all of last week’s digital asset investment products inflows, with $116 million of the total. Total assets under management (AUM) rose $28 billion, roughly 43% from inflow lows recorded in November.
Bitcoin Inflows
Bitcoin saw the most fund inflows this past week, with the benchmark cryptocurrency accounting for nearly all of the weekly inflows. According to a weekly report digital asset manager CoinShares shared on Monday, crypto asset investment products recorded inflows of $117 million. Short Bitcoin products represented $4.4 million of weekly totals while Ethereum and Solana respectively had inflows into their product at 2.3 and 1.1 million dollars respectively
Outflow Activity
Multi-asset investment products however saw a ninth consecutive week of outflows with 6 .4million dollars while Binance and XRP also had outflows at 400k and 200k respectively
Asset Under Management Increase
The spike in inflows pushed total assets under management (AUM) to over 2 .8 8billion , with the metric up by 43% from its November low .
Weekly Volume Impact
Investment products also saw an improvement in terms of weekly volumes . Per the CoinShares report , 1 .3 billion was traded , up 17% compared to the year – to – date average . The volume was also higher compared to 11 % for the broader crypto market . In terms of regions , Germany led other countries in terms of inflow rate at 40 % which translates approximately 46 million dollars while Canada , United States and Switzerland followed behind but still had significant influxes as 30m 26 m and 23m respectively