In the past week, digital asset investment products have seen the largest inflows so far this year at $193 million.
The largest amount of inflows since mid-Dec more than recouped the $157 million in outflows that occurred over the prior two weeks, according to the latest CoinShares report.
The report highlighted total assets under management (AUM) now amounting to $57 billion, following last week’s price recovery.
Europe saw a majority of the flow, in this case, some 76% of total inflows at $147 million, while the Americas lagged behind at $45 million, and some providers continued to see minor outflows.
This is notable since a majority of prior weeks’ outflows had come from Europe due to the “continued jitters over regulation and geopolitical issues caused by the Ukrainian conflict,” which now seem to have temporarily abated.
The report noted that for the whole of last week trading volumes had recovered to $2.5 billion.
BTC sees majority of inflow
As usual, Bitcoin-based investment products saw a majority of flows, with inflows amounting to $98 million last week, bringing year-to-date inflows to $162 million.
Following two weeks of outflows amounting to $68 million, Ethereum-based investment products saw an inflow of $10 million last week, bringing year-to-date outflows to $29 million.
Among other altcoins, Solana saw its largest weeks of inflows on record with $87 million, representing a colossal 36% of AUM which now amounts to $241 million. According to CoinShares data, this makes it the fifth-largest investment product and the largest single altcoin after Ethereum.
Meanwhile, multi-asset investment products, which the report highlighted as being relatively popular, experienced outflows for only the second time so far this year at $5.5 million.
Most other altcoins saw inflows last week, with Cardano, Polkadot, and relative newcomer ATOM, seeing inflows of $1.8 million, $1.2 million, and $800,000 respectively.
Finally, similarly to digital asset investment products, blockchain equities saw inflows totaling $23 million.
Trusted
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
