Inflows into Bitcoin products surged by $116 last week

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  • Digital asset investment products saw inflows of nearly $117 million last week, the largest since July 2022.
  • Bitcoin saw inflows from almost all digital asset investment products last week, with a total of $116.
  • Total assets under management (AUM) grew by $28 billion, up nearly 43% from the low inflows recorded in November.

Bitcoin This past week saw the most fund inflows, with the benchmark cryptocurrency accounting for nearly all of the weekly inflows.

on a weekly basis report good Digital asset manager CoinShares shared on Monday, crypto asset investment products recorded an inflow of $117 million. This was the biggest week for inflows into digital asset investment products since July 2022.

Bitcoin products saw $116 million inflow

Bitcoin accounted for approximately $116 million of the total digital asset product flows. And as the price of bitcoin rose above $23,000, flows into short bitcoin products represented a weekly total of $4.4 million.

in other cryptocurrencyInflows were $2.3 million to Ethereum and $1.1 million to Solana.

However, multi-asset investment products saw outflows for the ninth consecutive week with $6.4 million. Binance and XRP also saw outflows of around $400,000 and $200,000 respectively.

The increase in inflows pushed total assets under management (AUM) to over $2.8 billion, with the metric up 43% from its November low. Investment products also saw improvement in terms of weekly volumes.

As CoinShares reports, $1.3 billion was traded, which is 17% higher than the year-to-date average. Volume was also higher than the 11% average for the broader crypto market.

In terms of different regions, Germany saw almost 40% of inflows amounting to about $46 million, while Canada, the United States and Switzerland accounted for the next three largest inflow batches with $30 million, $26 million and $23 million, respectively. saw.

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