The institutional crypto inflows rebounded last week after Bitcoin-related products attracted significant investment. In total, investors poured nearly $71 million into BTC investment products.
Last week, digital asset investment products saw inflows worth $85 million. In the past three weeks, total institutional inflows in crypto products have reached $133 million. Apart from Bitcoin, a wide range of altcoins have gained the attention of institutional investors recently.
Solana, Polkadot and Cardano witnessed inflows totaling $2.4 million, $2.2 million and $1.1 million, respectively. Digital asset Terra saw a massive spike in inflows last week. Despite the rising popularity of BTC, SOL, DOT, ADA and LUNA among institutional investors, Ethereum saw a bearish trend with outflows totaling $8.5 million in the previous week.
“Digital asset investment products saw inflows totaling US$85m last week, marking the 3rd week of inflows totaling US$133m, suggesting continued positive sentiment amongst investors. Total assets under management (AuM) now total US$52.4bn with January 24th marking the low point in the most recent run of negative sentiment. While Europe has seen inflows (US$10.3m), the majority has been from the Americas, particularly Brazil and Canada (US$75m),” CoinShares noted in its report.
Bitcoin AUM
Due to the market dip in December 2021 and January 2022, the overall value of global Bitcoin assets under management have declined substantially. According to the report from CoinShares, the total value of global BTC AUM reached $34.4 billion last week. Ethereum came in the second spot with almost $13 billion worth of assets under management.
“Bitcoin continues to lead the inflows with US$71m last week, the largest since early December with this 3-week run of inflows totaling US$108m. Volumes in Bitcoin investment products remained low last week at US$1.8bn versus US$3.4bn the previous week,” CoinShares added.
Yesterday, BTC jumped above the price level of $44,300 for the first time since 13 January 2022.
The institutional crypto inflows rebounded last week after Bitcoin-related products attracted significant investment. In total, investors poured nearly $71 million into BTC investment products.
Last week, digital asset investment products saw inflows worth $85 million. In the past three weeks, total institutional inflows in crypto products have reached $133 million. Apart from Bitcoin, a wide range of altcoins have gained the attention of institutional investors recently.
Solana, Polkadot and Cardano witnessed inflows totaling $2.4 million, $2.2 million and $1.1 million, respectively. Digital asset Terra saw a massive spike in inflows last week. Despite the rising popularity of BTC, SOL, DOT, ADA and LUNA among institutional investors, Ethereum saw a bearish trend with outflows totaling $8.5 million in the previous week.
“Digital asset investment products saw inflows totaling US$85m last week, marking the 3rd week of inflows totaling US$133m, suggesting continued positive sentiment amongst investors. Total assets under management (AuM) now total US$52.4bn with January 24th marking the low point in the most recent run of negative sentiment. While Europe has seen inflows (US$10.3m), the majority has been from the Americas, particularly Brazil and Canada (US$75m),” CoinShares noted in its report.
Bitcoin AUM
Due to the market dip in December 2021 and January 2022, the overall value of global Bitcoin assets under management have declined substantially. According to the report from CoinShares, the total value of global BTC AUM reached $34.4 billion last week. Ethereum came in the second spot with almost $13 billion worth of assets under management.
“Bitcoin continues to lead the inflows with US$71m last week, the largest since early December with this 3-week run of inflows totaling US$108m. Volumes in Bitcoin investment products remained low last week at US$1.8bn versus US$3.4bn the previous week,” CoinShares added.
Yesterday, BTC jumped above the price level of $44,300 for the first time since 13 January 2022.
Source: https://www.financemagnates.com/cryptocurrency/news/bitcoin-btc-leads-weekly-crypto-inflows/