“Digital Asset Fund Fund Flows Weekly” report published by CoinShares, crypto- It points to an unprecedented increase in the world of money. According to data, investments in the cryptocurrency world attract attention with an inflow of 1.76 billion dollars in the last 10 weeks.
Meanwhile, this increase, which marks the largest increase since October 2021, underlines the durability and growing popularity of cryptocurrency investment products. Additionally, the recent increase in weekly inflows is also in line with major cryptos such as Bitcoin and Ethereum hitting yearly highs.
Notably, this cumulative increase has reached an impressive $1.76 billion over the last 10 weeks, accounting for 4% of assets under management (AuM). Additionally, the report states that total AuM increased by 107% this year.
However, despite this significant growth, current AuM remains below the all-time high of $86.6 billion recorded in 2021 at $46.2 billion. Meanwhile, CoinShares notes that trading volumes in Exchange Traded Products (ETPs) remain significant, reaching $2.6 billion weekly and accounting for 12% of total Bitcoin volumes.
Meanwhile, regionally, the report highlights the importance of digital asset investments in Canada, Germany and the United States. These regions experienced significant inflows of $79 million, $57 million and $54 million, respectively. However, small outflows of $15 million were seen in Hong Kong. Despite the Asia region’s relatively small total AuM and limited number of ETPs, it stands out as one of the few regions to witness net outflows year-to-date.
As we reported as Koinfinans.com, Bitcoin emerged as the primary beneficiary with an inflow of $132.8 million. Additionally, after a three-week streak of outflows, shorting Bitcoin products experienced inflows of $3.6 million last week. On the other hand, Ethereum also made significant progress with an additional inflow of $31 million, extending its five-week positive trend to $134 million. For the first time this year, net flows for Ethereum turned positive at $10 million, signaling a shift in sentiment after a long period of negativity.
Meanwhile, the CoinShares report also highlights the strong performance of blockchain stocks, ending by boasting seven consecutive weeks of inflows. Last week’s $17.4 million inflow is the highest since July 2022, confirming continued investor interest in the broader blockchain and digital asset ecosystem.