Crypto investment products see weekly inflows of $117M, highest since July 2022 News › Canada · Germany · Switzerland · U.S.› Bitcoin · Bitcoin Cash · Cardano · Polygon · Solana · Stellar · Uniswap › Investments
Crypto investment products see weekly inflows of $117M, highest since July 2022
Bitcoin has emerged as an investor favorite as BTC investment products saw inflows of $116 million over the past seven days.
1 min read
Updated: January 30, 2023 at 1:50 pm
Cover art/illustration via CryptoSlate
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Amid investor sentiment signaling ‘greed,’ cryptocurrency investment products saw weekly inflows of $117 million last week — the highest since July 2022, according to a CoinShares report. Investors are almost solely focusing on Bitcoin, which saw inflows of $116 million.
Total assets under management (AuM) of investment products increased 43% from November lows to $28 billion. The trading volume of investment products also improved to $1.3 billion in the week of Jan. 23 — up 17% compared to the year-to-date average. Comparatively, the average weekly volumes in the larger crypto market jumped by 11%.
Germany accounted for 40% of all inflows last week at $46 million. Canada, the U.S., and Switzerland saw inflows of $30 million, $26 million, and $23 million respectively.
Multi-asset investment products kept losing money for the ninth consecutive week. Last week, outflows totaled $6.4 million, although CoinShares noted that investors are selectively quitting certain investments. This is because while Solana, Cardano, and Polygon saw inflows, Bitcoin Cash, Stellar, and Uniswap experienced minor outflows.
Posted In: Bitcoin, Bitcoin Cash, Cardano, Polygon, Solana, Stellar, Uniswap, Canada, Germany, Switzerland, U.S., Investments, Trading
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
More about Bitcoin
Solana
$20.7252
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
More about Solana
Cardano
$0.35462
Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source.
More about Cardano
Polygon
$1.08765
Polygon (previously Matic Network) is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.
More about Polygon
Bitcoin Cash
$125.320
Bitcoin Cash (BCH) is a cryptocurrency created via a fork of the Bitcoin network.
More about Bitcoin Cash
Stellar
$0.09164
Stellar is a multi-currency payment backend that tens of thousands of people use every day.
More about Stellar
