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According to a report by asset management firm CoinShares, inflows into crypto investment products last week were $2.7 billion, a new weekly record. This capital injection increases total year-to-date flows to $10.3 billion, approaching the all-time high of $10.6 billion set for the full year of 2021. Bitcoin was the main beneficiary, raising $2.6 billion and accounting for 14% of the funds. Total assets under management (AUM).
The trading volume of digital assets has also increased significantly, reaching a new high of $43 billion this week, a significant increase from the previous record of $30 billion. This increase in trading activity coincides with his 14% increase in assets under management in the past week, bringing the total to more than $94 billion, an 88% increase since the beginning of the year.
Despite the recent increase in short positions, Bitcoin continues to attract investment, with an additional $11 million flowing into short Bitcoin products last week. Meanwhile, Solana bounced back from negative market sentiment and secured $24 million in inflows. Despite its strong performance since the beginning of the year, Ethereum faced a small outflow of $2.1 million. Other altcoins such as Polkadot, Fantom, Chainlink, and Uniswap also saw inflows, with amounts ranging from $1.6 million to $2.7 million.
In terms of regional distribution, the United States had the highest inflows of $2.8 billion, followed by Switzerland and Brazil with $21 million and $18 million, respectively. However, some countries such as Canada, Germany, and Switzerland realized gains, resulting in outflows of $35 million, $77 million, and $39 million, respectively.
Blockchain stocks did not share the same bullish sentiment, with small outflows totaling $2.5 million.
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