CoinShares: Record-breaking $2.45 billion inflows into digital asset investment products last week

According to statistics from CoinShares, a cryptocurrency asset management company, digital asset investment products saw a record inflow of $2.45 billion last week, bringing the total inflow for the year to $5.2 billion, returning the asset management scale to the level of December 2021.

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Digital asset investment products continue to see net inflows
Bitcoin continues to dominate the market
Funds flow significantly into the United States

Weekly inflows into digital asset investment products reached a historic high of $2.45 billion, bringing the total inflow for the year to $5.2 billion. These inflows, coupled with the recent rise in cryptocurrency prices, have increased the total assets under management (AUM) to $67.1 billion, reaching the highest level since December 2021.

Among them, Grayscale Trust, despite seeing outflows of $7 billion this year, still maintains the leading position with assets under management of $32.3 billion. BlackRock’s assets under management have reached $6.2 billion, closely followed by Fidelity with $4.5 billion.

In terms of asset categories, Bitcoin accounted for $2.42 billion, while Ethereum only accounted for $21.1 million. The recent downtime of Solana affected market sentiment, leading to a $1.6 million outflow. Avalanche, Chainlink, and Polygon saw inflows of $1 million, $900,000, and $900,000, respectively, with consistent weekly inflows this year.

In terms of regional breakdown, the United States accounted for 99% of the total inflow, totaling $2.4 billion. This indicates a growing interest in spot ETFs. At the same time, the outflow of funds from existing participants has significantly decreased. Other regions such as Germany and Switzerland saw inflows of $13.3 million and $16.7 million, respectively, while Sweden saw an outflow of $26.3 million.

CoinShares
Bitcoin
Grayscale

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CoinShares Launches NFT Valuation Robot to Assess Fair Value of Any NFT

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