Weekly digital asset flows remain positive at USD21m
Flows into digital asset investments remained positive last week at USD21 million but were the lowest since October 2020, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Coupled with lower investment volumes does imply that investor appetite for digital assets has waned in the recent weeks as volatility remains high and the price trades sideways.
Bitcoin received the largest inflows, but ether on a market capitalisation basis (as has been seen in previous weeks) remains more popular with inflows of USD5 million.
Volumes in digital asset investment products averaged USD788 million per day, compared to the USD900 million for the whole of 2021, but remain well above the 2020 levels of USD137 million.