Digital assets funds see minor inflows of $9.2m
17/01/2023 - 10:06am
Digital asset investment products saw minor inflows totalling $9.2 million last week, while trading volumes remained low at $866 million for the week, both suggesting that the recent rally in digital assets was not investment product led.
That's according to the latest Digital Asset Fund Flows Weekly report from CoinShares, which also shows that recent price appreciation has led to a weekly gain of over 13% in assets under management, the largest since October 2021.
Ethereum broke its eight-week spell of outflows with an inflow of $5.6 million, seemingly benefitting from the broader improvement in sentiment.