Digital asset investment products saw inflows of USD602 million last week, the third-largest total on record, according to the latest data released by CoinShares.
Bitcoin saw inflows of USD367 million as the trend of announcements by large corporations and funds using bitcoin as a treasury asset and investment continued.
Total assets under management for investment products stood at USD47 billion at the end of last week, with ether the standout performer at a record USD216 million of investment product inflows, beating the previous week’s record of USD195 million. Ethereum inflows represented 36 per cent of the digital asset inflows last week, far greater than the share of assets under management at 16 per cent. This highlights how investors are, at least on a relative basis, favouring ether.
CoinShares also reported minor inflows (2 per cent of the total) into multi-digital assets funds and polkadot in recent weeks while bitcoin cash has seen little interest from investors. Trading volumes last week rose from the YTD average of USD10.4 billion per day to USD10.8 billion with investment products comprising 6 per cent of the total.
