• 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.
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 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
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