Digital asset investment product inflows lhit a record total of USD1.31 billion last week, following a period of minor outflows, according to CoinShares.
Digital asset investment product inflows lhit a record total of USD1.31 billion last week, following a period of minor outflows, according to CoinShares.
The company believes investors have been very price-conscious this year due to the speed at which prices in bitcoin achieved new highs.
So far this year investors have favoured bitcoin, which comprises 97 per cent of total inflows, despite comprising 83 per cent of digital asset investment products under management.
So far this year volumes in bitcoin have been considerably higher, trading an average of USD12.3 billion a day compared to USD2.2 billion in 2020.
Ether saw inflows of USD34 million last week, although investors have been cautious, with little inflows since early December. Despite the record inflows, investment products have not tested the liquidity of the underlying bitcoin, with investment products representing only 6.5 per cent of total bitcoin trading turnover.
