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Digital asset investments surged by $1.1 billion, bringing the total investment for the year to $2.7 billion.
With the recent market recovery and subsequent price increases, the total Assets under Management (AuM) have reached their highest point since the beginning of 2022, totaling $59 billion.
According to the latest Digital Asset Fund Flows Weekly report by CoinShares, Bitcoin dominated the fund inflows in the past week, accounting for nearly 98%, with an influx of $1.09 billion. The report from CoinShares also indicates that Ethereum and Cardano benefited from the weekly inflows, attracting $16 million and $6 million, respectively. Avalanche, Polygon, and Tron observed marginal inflows, accumulating $500,000, $400,000, and $400,000, respectively. On the other hand, digital asset products focused on Solana attracted only $100,000, while XRP had an inflow of $300,000 during the same period. Uniswap and Short Bitcoin experienced minor outflows, totaling $500,000 and $400,000, respectively. Although there was an overall outflow from blockchain stocks, it was primarily due to a single issuer's outflow of $67 million, while the total inflow for all other issuers amounted to $19 million. Regionally, the focus remains primarily on the newly issued physically-backed Bitcoin ETFs in the United States, which saw a net inflow of $1.1 billion last week, reaching a total of $2.8 billion since its launch on January 11. The asset management company speculates that outflows from existing investments have slowed, but the potential sale of $1.6 billion worth of Genesis shares could lead to further outflows in the coming months. Outflows from other regions have decreased, with minor outflows of $17 million and $10 million in Canada and Germany, respectively. However, Switzerland saw an inflow of $35 million last week. |
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Post time 23-2-2024 04:23:13
