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Bitcoin grabs lion's share of $117m digital assets fund flows

January 31, 2023 at 10:00 am

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Digital asset investment products saw $117 million of inflows last week, the largest since July 2022, while total asset under management have risen to $28 billion, up 43% from their November 2022 lows, according to them latest digital assets fund lows weekly report from CoinShares.

Digital asset investment products saw $117 million of inflows last week, the largest since July 2022, while total asset under management (AuM) have risen to $28 billion, up 43% from their November 2022 lows, according to them latest digital assets fund lows weekly report from CoinShares.

The focus was almost entirely on bitcoin, which saw $116 million inflows last week, although there were also minor inflows into short-bitcoin of $4.4 million.

Multi-asset investment products saw outflows for the ninth consecutive week totalling $6.4 million, suggesting investors are preferring select investments.