CoinShares: Record-breaking net inflows of digital asset investment products reached £2.45 billion last week, AuM reaches December 2021 levels.

CoinShares: Record-breaking net inflows of digital asset investment products reached £2.45 billion last week, AuM reaches December 2021 levels.

CoinShares: Record-breaking net inflows of digital asset investment products reached £2.45 billion last week, AuM reaches December 2021 levels.

According to data released by cryptocurrency asset management company CoinShares on Monday, last week saw a record-breaking net inflow of digital asset investment products, totaling $2.45 billion, bringing the total inflow for the year to date to $5.2 billion.

Source:
CoinShares
These inflows, combined with recent positive price trends, have increased the total assets under management (AuM) of digital asset ETPs to $67 billion, reaching the highest level since December 2021.
The majority of the inflows into digital asset ETPs came from the United States, accounting for 99% of the total, amounting to $2.4 billion. This represents a significant acceleration in net inflows, which were widely distributed among different providers, indicating a growing interest in spot-based ETFs. At the same time, the outflow of funds from existing participants decreased significantly.

Source:
CoinShares
Bitcoin investment products accounted for over 99% of the inflows, reaching $2.42 billion, while shorting bitcoin investment products saw a net inflow of $5.8 million. In terms of altcoin investment products, Ethereum had a net inflow of $21 million, while Solana saw a net outflow of $1.6 million. Avalanche, Chainlink, and Polygon attracted net inflows of $1 million, $900,000, and $900,000 respectively, with these ETPs performing well due to consistent weekly inflows this year.

Source:
CoinShares
CoinShares also stated that investors in blockchain stock ETFs chose to take profits last week, resulting in a net outflow of $167 million.