According to data released by CoinShares, a cryptocurrency asset management company, last week saw the second-highest weekly inflow of funds into digital asset investment products on record, reaching a total of $1.84 billion. 94% of the funds flowed into Bitcoin investment products, totaling $1.73 billion.
Source: CoinShares
Last week, the trading volume of digital asset ETPs reached a new record of over $30 billion, sometimes accounting for 50% of the global daily trading volume of Bitcoin on trusted exchanges. The current asset under management (AuM) of digital asset ETPs has reached $82.6 billion after recent price increases, slightly below the peak of $86 billion set in early November 2021.
The inflow of funds from the United States still dominates, with a total amount of $1.88 billion. This amount was partially offset by the outflow of $1.46 billion from Grayscale’s Bitcoin spot ETF (GBTC), while new spot ETF issuers brought in a net inflow of $3.2 billion.
Source: CoinShares
The net inflow of Bitcoin investment products reached a total of $1.73 billion, but at the same time, there was a net inflow of $22 million into short Bitcoin investment products, marking the third consecutive week of net inflows. Ethereum investment products saw the largest weekly inflow since mid-July 2022, reaching a total of $85 million, but the asset under management of $14.6 billion still lags behind the historical peak of $23.7 billion.
Source: CoinShares
