CoinShares: Last Week’s Digital Asset ETP Net Inflows Reach $1.84 Billion, Trading Volume Hits New Record of Over $30 Billion

CoinShares: Last Week's Digital Asset ETP Net Inflows Reach $1.84 Billion, Trading Volume Hits New Record of Over $30 Billion

CoinShares: Last Week's Digital Asset ETP Net Inflows Reach $1.84 Billion, Trading Volume Hits New Record of Over $30 Billion

According to data released by cryptocurrency asset management company CoinShares on Monday (19th), digital asset investment products reached the second highest weekly net inflow in history last week, with a total amount of $1.84 billion. 94% of the funds flowed into Bitcoin investment products, totaling $1.73 billion.

Source:
CoinShares
The trading volume of digital asset ETPs reached a new record of over $30 billion last week, sometimes even accounting for 50% of the global daily trading volume of Bitcoin on trusted exchanges. The current assets under management (AuM) of digital asset ETPs have reached $82.6 billion after recent price increases, slightly lower than the peak of $86 billion set in early November 2021.
Funds from the United States still dominate, with a total of $1.88 billion, with part of the funds offset by the outflow of $1.46 billion from Grayscale’s Bitcoin spot ETF (GBTC). The net inflow brought by new spot ETF issuers is $3.2 billion.

Source:
CoinShares
The net inflow of Bitcoin investment products reached a total of $1.73 billion, but at the same time, there was a net inflow of $22 million in short Bitcoin investment products, marking the third consecutive week of net inflows. Ethereum investment products saw the largest weekly net inflow since mid-July 2022, totaling $85 million, but the asset under management of $14.6 billion still has a gap compared to the historical peak of $23.7 billion.

Source:
CoinShares