Digital asset investment company CoinShares will launch in 2022. cryptocurrency published its weekly report detailing the state of the market.
Cryptocurrency Funds Have Had Worst Period Since 2018, According to CoinShares Report
According to the report, digital assets saw a total inflow of $433 million during the year; this is the lowest level since 2018 when there was only $233 million in inflows.
bear market and bitcoin Despite the 63% drop in prices, investors continued to invest in digital assets. $287 million for Bitcoin and $209 million for multi-asset investment products.
on the other hand Ethereum, With $402 million, it had a turbulent year due to investor concerns about the transition to proof of stake and issues with opening stakes.
Outputs peaked at 0.7% of assets under management (AuM) in 2022, lower than the 1.8% peak in 2018. Short-focused investment products saw inflows of $108 million, representing only 1.1% of the total Bitcoin AuM.
Overall, inflows in 2022 were significantly lower than the $9.1 billion seen in 2021 and the $6.6 billion seen in 2020. However, it is interesting to see that investors still prefer to invest in digital assets, even in a bear market caused by “irrational excitement and an overly hawkish FED,” according to CoinShares.
In addition, information about altcoin funds in 2022 was also included in the report of CoinShares. The changes in altcoin funds in 2022 were as follows:
Ethereum: -402 million dollars
BNB: -24 million dollars
Litecoin: 2 million dollars
Tron: -3 million dollars
XRP: 9 million dollars
wither: $121 million
Polygon: 1 million dollars
*Not investment advice.
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