On Jan. 30, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investments experienced a surge in inflows last week, reaching $117 million, the highest since July 2022.
CoinShares reported that the sector's total asset under management rose to $28 billion, a 43% increase from its November 2022 lows. The improvement in investment product volumes was evident, with $1.3 billion traded during the week, a 17% increase compared to the year-to-date average. Meanwhile, weekly volumes in the digital asset market have risen by an average of 11%.
Germany saw the highest inflows last week, accounting for 40% of the total , followed by Canada, the United States and Switzerland, which received $30 million, $26 million and $23 million, respectively. Most of the inflows were directed toward Bitcoin products, with $116 million, while minor inflows were seen into short-Bitcoin products at $4.4 million, indicating a polarized opinion.
The report also revealed that multi-asset investment products continued to see outflows for the ninth consecutive week, totaling $6.4 million. According to James Butterfill, a researcher at CoinShares, this suggests that investors are opting for more selective investments. This trend was evident in altcoins, as Solana (
On Jan. 30, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investments experienced a surge in inflows last week, reaching $117 million, the highest since July 2022.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheStarPhoenix - 🏆 253. / 63 Read more »