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According to CoinShares, crypto investment products registered $117 million in weekly inflows last week, the highest since July 2022, amid investor sentiment suggesting “greed.” reportInvestors are mostly focused on Bitcoin, which has seen inflows of $116 million.
Total assets under management (AuM) in investment products increased 43% from the November low to $28 billion. Trading volume in investment products also improved to $1.3 billion in the week of Jan. 23, up 17% from its year-to-date average. By comparison, the average weekly trading volume of the larger cryptocurrency market jumped 11%.
Germany accounted for 40% of all inflows last week with $46 million. Canada, the United States and Switzerland saw inflows of $30 million, $26 million and $23 million respectively.
Multi-asset investment products continued to lose money for the ninth straight week. CoinShares noted that an investor is selectively exiting certain investments, but last week’s outflows totaled him $6.4 million. This is because Bitcoin Cash, Stellar, and Uniswap experienced minor outflows while Solana, Cardano, and Polygon saw inflows.
Journalist at CryptoSlate
Monika started reading about crypto in 2020, digging deeper and deeper down the rabbit hole. Although she is always skeptical of new projects, she genuinely believes that the blockchain and cryptocurrency industry can alleviate some of the most pressing issues of our time, such as financial inequality and transparency. She is a voracious reader and her love of food equals her love of books.
