The inflows of digital assets reached $ 117 million last week, the highest in six months

The inflows of digital assets reached $ 117 million last week, the highest in six months

According to the crypto investment company Coinshares, digital asset products recorded tributaries of $ 117 million in the past week. This is the biggest inflow since July 2022.

Then the entire managed assets (AUM) rose to $ 28 billion and has recovered by 43 %since the lows in November

  • Bitcoin-bound investment funds alone recorded tributaries of $ 116 million last week. During the same period, minor tributaries in short-bitcoin of $ 4.4 million were recorded.
  • strong inflows came when Bitcoin climbed over $ 23,000 after it had increased by well over 40 % since the beginning of the year.
  • Despite the market recovery in the past few weeks, investors are still careful and prefer selected systems. This trend was displayed by the continued drains for the ninth week in a row for multi-asset system products that added up to $ 6.4 million.
  • Altcoins such as Solana, Cardano and Polygon recorded tributaries, while Bitcoin Cash, Stellar and Uniswap saw minor drains.
  • The report also found that the inflows associated with blockchain shares were $ 2.4 million. However, the measurement across the providers showed a "polarized mood".
  • The report said that the volume of investment products has increased by 17 % compared to the YTD average. The data show that $ 1.3 billion was traded this week.
  • A similar trend was observed on the broader market for digital assets, which recorded an increase in the average weekly volume by 11 %.
  • Germany dominated the geographically largest tributaries and recorded $ 46 million. This was followed by Canada, the United States and Switzerland with tributaries of $ 30 million, $ 26 million or $ 23 million.

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