- The latest Digital Asset Fund Flows Weekly report from CoinShares, showcasing the growing interest in digital assets, reveals an extraordinary surge.
- The industry saw a remarkable situation with significant inflows continuing for 10 consecutive weeks with an influx of $176 million last week.
- The report emphasizes the prominence of digital asset investments in regions like Canada, Germany, and the US, with significant inflows of $79 million, $57 million, and $54 million, respectively.
CoinShares’ recent report on digital asset investment products indicates that institutions continue to invest: Details below!
Investment Performance of Bitcoin and Altcoins
CoinShares’ latest Digital Asset Fund Flows Weekly report highlights an extraordinary surge, demonstrating the increasing interest in digital assets. With a massive inflow of $1.76 billion over the last 10 weeks, the digital asset investment environment is experiencing a remarkable boom.
This surge marks the largest increase since October 2021, underscoring the resilience and growing popularity of crypto investment products. Additionally, the recent progress in weekly inflows aligns with the annual highs of major cryptocurrencies like Bitcoin and Ethereum.
CoinShares’ recently published Digital Asset Fund Flows Weekly report reveals a notable trend in the world of digital asset investments. Last week, the industry witnessed a significant influx of $176 million, marking 10 consecutive weeks of substantial inflows.
Notably, this accumulated increase reached an impressive $1.76 billion in the last 10 weeks, constituting a portion of managed assets equivalent to 4%. The report also highlights a robust growth of 107% in total assets under management (AUM) in the digital asset space this year.
However, despite this significant growth, the current AUM is still at $46.2 billion, below the all-time high of $86.6 billion recorded in 2021. Meanwhile, CoinShares notes the considerable trading volumes of Exchange-Traded Products (ETPs), reaching $2.6 billion throughout the week and constituting 12% of the total Bitcoin volume.
The report also emphasizes the prominence of digital asset investments in regions like Canada, Germany, and the US, with significant inflows of $79 million, $57 million, and $54 million, respectively. However, Hong Kong experienced small outflows of $15 million. Despite being one of the few regions with relatively small AUM and a limited number of ETPs, the Asia region stands out as one of the regions with net outflows since the beginning of the year.
Bitcoin Tops the Weekly Inflow List With Competition From ETH
Unsurprisingly, Bitcoin led the way with a $132.8 million inflow. Furthermore, after three weeks of consecutive outflows, short Bitcoin products experienced an influx of $3.6 million last week. On the other hand, Ethereum made significant strides with an additional $31 million inflow, extending its five-week positive run to $134 million. For the first time this year, Ethereum’s net flows turned positive with $10 million after a long period of negativity, indicating a sentiment shift.
Meanwhile, the CoinShares report notes the strong performance of blockchain stocks, indicating seven consecutive weeks of inflows. The $17.4 million inflow last week represents the highest value since July 2022, confirming sustained investor interest in the overall blockchain and digital asset ecosystem.
The report comes at a time when both Bitcoin and Ethereum have reached annual highs, reflecting a bullish trend in the cryptocurrency market. As of writing, the Bitcoin price increased by 5.20%, reaching $41,870, touching a 24-hour high of $42,108.59. Additionally, BTC’s trading volume surged by 102.49%, reaching $32.14 billion. At the same time, the Ethereum price reached up to $2,273.07 in the last 24 hours. However, as of writing, the price increased by 3.45%, reaching $2,249 from yesterday’s value.
