Leading digital asset managers have found institutional investors taking advantage of discounted prices on cryptocurrencies in light of the FTX-fueled market crash.
In the latest Digital Asset Fund Flows Weekly reportCoinShares said digital asset investment products recorded the highest inflow in 14 weeks.
“Digital asset investment products recorded the largest inflows in 14 weeks totaling $42 million.
The inflow started later in the week on the back of extreme price weakness caused by the FTX/Alameda collapse. ”
The Bitcoin (BTC) investment vehicle has enjoyed the majority of the capital inflows, taking in $19 million last week.
“Bitcoin was the main focus, with total inflows of $19 million, the largest since early August this year. However, Bitcoin short investment products also saw inflows totaling $12.6 million. “
CoinShares observed inflows from all regions, especially the US, Brazil and Canada.
“Switzerland is an outlier, with a smaller outflow totaling $4.6 million, but remains the country with the highest inflows year-to-date.”
Ethereum (ETH) investment products registered $2.5 million inflows last week, while Solana (SOL) lost $1.1 million and Polygon (MATIC) gained $200,000. According to CoinShares, multi-asset investment vehicles, or vehicles that invest in multiple digital assets, posted their biggest weekly inflows since June.
“Multiasset has recorded its largest inflow of $8.4 million since June 2022. This is because while there has been little altcoin activity, investors have seen Multiasset as a relatively safe haven. It suggests that there is
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