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Digital asset fund flows hit $0.52bn YTD

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Digital asset investment products saw inflows totalling $87 million last week, pushing year-to-date inflows just past the half a billion mark to $0.52 billion, according to the latest CoinShares weekly digital asset fund flows report.

Bitcoin saw inflows totalling $69 million, bringing year-to-date inflows to $369 million although, due to price weakness, total assets under management (AuM) are now at their lowest point since July 2021.

Short bitcoin saw inflows totalling $1.8 million last week suggesting the market hasn’t completely shrugged off its bearish undertones.

Algorand, the defi focussed protocol, saw record inflows last week totalling $20 million.

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