BlocksInform
- Digital asset investing products generated approximately $117 million in cash receipts last week, the largest since July 2022.
- Bitcoin has seen almost all digital asset investment products from last week, with $116 in total.
- Total assets under management (aum) have increased by $28 billion, or about 43% from November lows.
Bitcoin saw the most fund inflows this past week, with the benchmark cryptocurrency accounting for nearly all of the weekly inflows.
According to a weekly report digital asset manager CoinShares shared on Monday, crypto asset investment products recorded inflows of $117 million. This has been the most important week for cash inflows in digital investment products since July 2022.
Bitcoin products saw inflows of $116 million
Bitcoin accounted for nearly $116 million of the total digital assets products inflows. And that the Bitcoin price increased over $23,000, entries in short Bitcoin products amounted to $4.4 million weekly totals.
In other cryptocurrencies, inflows into Ethereum were $2.3 million and $1.1 million for Solana.
However, multi-asset investment products experienced a ninth straight week of exits at $6.4 million. BINANCE and xrp also experienced outputs of approximately $400,000 and $200,000 respectively.
Strong inflows propelled total assets under management (aum) to more than $2.8 billion, up 43% from its November low. Week-by-week volumes of investment products also improved.
According to the Coins Report, $1.3 billion was exchanged, an increase of 17% from the average year-to-date. The volume was also higher than the 11 per cent average for the larger crypto market.
In terms of different parts of the country, Germany registered about 40 percent of admissions for about $46 million, while canada, The U.S. and Switzerland received the top three entries with $30 million, It is $26 million and $23 million.
