Europe’s largest digital asset investment and trading company CoinShares published its weekly report.
Stating that digital asset investment products saw a total of $ 76 million inflows last week, the CoinShares report stated that year-to-date inflows have increased for 4 consecutive weeks and have already reached $230 million.
In this context, the report underlined that there has been a decisive change in investor sentiment since the beginning of 2023.
Institutional investors, cryptocurrency Pointing out that their demand for funds continues to increase, CoinShares said, “With the positive momentum of institutional investors, the amount of assets under the management of investment companies increased by 39% since the beginning of the year to 30.3 billion dollars” said.
Looking at regional fund inflows USA It ranks first with $38.1 million, followed by the United States with $24.8 million. Canada followed.
Against these entries, it was seen that there were exits in Brazil, Sweden and Switzerland.
Looking at crypto funds individually, 90% of the flow of funds in Bitcoin (BTC) appeared to be.
BTC While it has an inflow of 68.5 million dollars on a weekly basis, this figure is on Ethereum (ETH) It was found to be 0.7 million dollars.
“Bitcoin remains the primary investor focus, with inflows totaling US$69 million representing 90% of total weekly flows.
Despite improving clarity on staking, Ethereum only saw $0.7 million in inflows.”
The report also indexed BTC’s decline. Bitcoin Short The fund also experienced significant inflows. Accordingly, the Bitcoin Short fund registered an inflow of $ 8.2 million last week.
Except for Bitcoin and Ethereum Polygon (MATIC) And Left (LEFT) like altcoins also experienced low inflows of less than $1 million.
*Not investment advice.
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