Key Takeaways
- Record Inflows in Digital Asset Investment Products.
- Bitcoin Dominance and Mixed Performance of Cryptocurrencies
- Investment Product Volumes Outpacing Total Crypto Volumes.
Digital asset investment products have witnessed an unprecedented surge in inflows over the past four weeks. According to recent reports, the total amount of inflow during this period has reached its highest point since the final quarter of 2021.
Trading volumes on these investment products have also soared, remaining well above the year’s average. The latest data indicates that the total volume for the previous week alone was impressive.
What’s even more striking is that the proportion of investment product volumes has experienced a significant jump compared to the total crypto volumes. This surge is much higher than the average, indicating a growing interest in digital asset investment products.
Among the specific cryptocurrencies, Bitcoin has taken the lead in attracting investment. The total inflow amount for Bitcoin has been dominating all other inflows, reflecting its strong position in the market.
However, not all investment products have seen continuous inflows. Short Bitcoin investment products experienced outflows, resulting in a decrease in the total assets under management (AUM) for these products.
Despite Ethereum’s recent price appreciation, it faced outflows during this period. Surprisingly, Ethereum has recorded the highest outflows so far this year among all cryptocurrencies.
On the other hand, some altcoins managed to see minor inflows, including Solana, Polygon, and Litecoin. It indicates that investors are diversifying their portfolios and exploring other potential opportunities.
The digital asset investment product market is experiencing an extraordinary upsurge in the last four weeks. With record inflows, high trading volumes, and increased interest in cryptocurrencies like Bitcoin and altcoins, positive momentum is evident. However, the market remains dynamic, and investors should remain cautious while making investment decisions.
Source
https://blog.coinshares.com/volume-140-digital-asset-fund-flows-weekly-report-9f970fceec21