Key Takeaways
- • Digital asset investment products recorded $1.2bn in inflows last week, according to CoinShares, marking the fourth consecutive week of positive flows.
- • Eight assets recorded inflows during the week, up from six the prior week, indicating broadening participation across digital asset products.
- • Total assets under management rose to $155bn, the highest level since 1 February.
- • Bitcoin led inflows with $933m, while Ethereum drew $192m, its third consecutive week above $190m.
- • Bitcoin's move above $76,000 for the first time since the February correction supported the AuM increase.
Summary
Digital asset investment products attracted $1.2bn of inflows last week, extending a run of positive weekly flows to four consecutive weeks, according to the latest data from CoinShares. The number of assets recording inflows rose to eight from six the prior week, suggesting that demand was spreading beyond the largest names.
Total assets under management across the products climbed to $155bn, the highest level since 1 February. The AuM gain was supported by bitcoin trading above $76,000 for the first time since the February correction, a price level that had not been reached since that sell-off.
Bitcoin accounted for the largest share of the inflows at $933m. Ethereum recorded $192m, its third consecutive week above $190m. XRP returned to positive flows after a single week of outflows.
The data points to renewed institutional and investor appetite for digital asset exposure through regulated investment vehicles, following the February market correction. The primary source does not provide further detail on the drivers of the inflows.
Total assets under management across the products climbed to $155bn, the highest level since 1 February. The AuM gain was supported by bitcoin trading above $76,000 for the first time since the February correction, a price level that had not been reached since that sell-off.
Bitcoin accounted for the largest share of the inflows at $933m. Ethereum recorded $192m, its third consecutive week above $190m. XRP returned to positive flows after a single week of outflows.
The data points to renewed institutional and investor appetite for digital asset exposure through regulated investment vehicles, following the February market correction. The primary source does not provide further detail on the drivers of the inflows.
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