According to the statistics from CoinShares, a cryptocurrency asset management company, digital asset investment products saw a record inflow of $2.45 billion last week, bringing the total inflow for this year to $5.2 billion, returning the assets under management (AUM) to the level in December 2021.
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Digital asset investment products continue to see net inflows
Bitcoin continues to dominate the market
Significant influx of funds into the United States
The weekly inflow of digital asset investment products reached a historical high of $2.45 billion, with a total of $5.2 billion inflow for this year. These inflows, combined with the recent increase in cryptocurrency prices, have raised the total assets under management (AUM) to $67.1 billion, reaching the highest level since December 2021.
Among them, Grayscale Trust remains the largest with a total asset size of $32.3 billion, despite an outflow of $7 billion so far this year. BlackRock’s asset size has reached $6.2 billion, closely followed by Fidelity with $4.5 billion.
In terms of asset categories, Bitcoin accounts for $2.42 billion, while Ethereum only accounts for $21.1 million. The recent downtime of Solana has affected market sentiment, leading to a outflow of $1.6 million. Avalanche, Chainlink, and Polygon have seen inflows of $1 million, $900,000, and $900,000 respectively, with continuous inflows every week this year.
In terms of regional breakdown, the United States accounts for 99% of the total inflow, totaling $2.4 billion. This indicates the increasing interest in spot ETFs. At the same time, the outflow of funds from existing participants has significantly decreased. Other regions such as Germany and Switzerland saw inflows of $13.3 million and $16.7 million respectively, while Sweden saw an outflow of $26.3 million.
CoinShares
Bitcoin
Grayscale
Further reading:
CoinShares Report: Bitcoin Halving Reduces Mining Cost to $37,800, Only 5 Mining Companies Profitable
CoinShares Launches NFT Valuation Robot to Assess Fair Value of Any NFT.