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Digital assets hit record USD5.8bn AUM

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Digital asset investment products closed on Friday with a record of USD5.8 billion of assets under management following positive price action and inflows last week of USD242 million.

That’s according to the latest Coinshares Digital Asset Fund Flows Weekly report which highlights ether as being increasingly popular amongst investors with inflows of USD113 million last week, comprising almost 50 per cent of total flows.

Analysis of investment providers that simply track the price of digital assets (passive) versus those that have active investment strategies highlight investors continue to choose passive with assets under management of USD54.1 billion and USD786 million respectively.

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