Coinshares Releases Latest Report for January: How Interested in Bitcoin on the Institutional Side?

Crypto and digital asset management company CoinShares It has publicly released its last weekly report for January. According to the report, after the rise in the market, assets transferred to crypto funds broke the record for the last 6 months.

Digital asset investment products received more than $100 million in one week for the first time since July 2022. While the weekly inflow was $117 million, after the November low, total investment in crypto funds rose 42% to $28 billion.

All Investments Go to Bitcoin

Almost all of the $117 million that went into funds this week went to Bitcoin, according to the CoinShares report.

According to the report bitcoin $115.6 million was entered into its funds. Ethereum received only $2.3 million in investment. Despite the large amount entering BTC funds, short (downstream) investment in the same time frame also amounted to $4.4 million.

It was noteworthy that $ 6.4 million outflow from funds that manage multiple crypto assets. Experts use this data “institutional investors are careful in choosing crypto” commented on.

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