English
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek
In the past week, digital asset investment products have seen the largest inflows so far this year at $193 million.
The largest amount of inflows since mid-Dec more than recouped the $157 million in outflows that occurred over the prior two weeks, according to the latest CoinShares report.
The report highlighted total assets under management (AUM) now amounting to $57 billion, following last week’s price recovery.
Europe saw a majority of the flow, in this case, some 76% of total inflows at $147 million, while the Americas lagged behind at $45 million, and some providers continued to see minor outflows.
This is notable since a majority of prior weeks’ outflows had come from Europe due to the “continued jitters over regulation and geopolitical issues caused by the Ukrainian conflict,” which now seem to have temporarily abated.
/Related
MORE ARTICLES
How Ethereum Liquid Staking Platforms Could Benefit From Shanghai Upgrade
Digital Yuan CBDC Pilot ‘Running Steadily,’ Affirms People’s Bank of China
Real World Asset Tokenization Primed to Surge in 2023
Magic Eden Marketplace Patches Fake NFT Bug
Celsius Wins Rights to ‘Earn’ Deposits, Customers Pushed to Back of Repayment Queue
Bored Ape Yacht Club Gets Matching Watches With Timex
The report noted that for the whole of last week trading volumes had recovered to $2.5 billion.
BTC sees majority of inflow
As usual, Bitcoin-based investment products saw a majority of flows, with inflows amounting to $98 million last week, bringing year-to-date inflows to $162 million.
Following two weeks of outflows amounting to $68 million, Ethereum-based investment products saw an inflow of $10 million last week, bringing year-to-date outflows to $29 million.
Among other altcoins, Solana saw its largest weeks of inflows on record with $87 million, representing a colossal 36% of AUM which now amounts to $241 million. According to CoinShares data, this makes it the fifth-largest investment product and the largest single altcoin after Ethereum.
Meanwhile, multi-asset investment products, which the report highlighted as being relatively popular, experienced outflows for only the second time so far this year at $5.5 million.
Most other altcoins saw inflows last week, with Cardano, Polkadot, and relative newcomer ATOM, seeing inflows of $1.8 million, $1.2 million, and $800,000 respectively.
Finally, similarly to digital asset investment products, blockchain equities saw inflows totaling $23 million.
