Biggest Weekly Inflows Into Crypto-related Goods Since July 2022 At $117 Million

Key Points:

• Cryptocurrency investment products had weekly inflows of $117 million last week, the biggest since July 2022, amid investor attitude that indicated “greed.” Almost exclusively, investors are concentrating on Bitcoin, which had inflows of $116 million.
• 40% of all inflows last week, or $46 million, came from Germany. A total of $30 million, $26 million, and $23 million were brought into Canada, the United States, and Switzerland, respectively.
• CoinShares reported that investors are deliberately exiting some shares, outflows last week reached $6.4 million.

According to CoinShares survey, cryptocurrency investment products had weekly inflows of $117 million last week, the biggest since July 2022, amid investor attitude that indicated “greed.” Almost exclusively, investors are concentrating on Bitcoin, which had inflows of $116 million.

From November lows, total assets under management (AuM) of investment products surged 43% to $28 billion. Additionally, the trading volume of investment goods increased to $1.3 billion in the week of January 23, up 17% from the average for the entire year. In contrast, the larger crypto market’s average weekly volumes increased by 11%.

40% of all inflows last week, or $46 million, came from Germany. A total of $30 million, $26 million, and $23 million were brought into Canada, the United States, and Switzerland, respectively.

For the ninth week running, multi-asset investment products have continued to lose money. Although CoinShares reported that investors are deliberately exiting some shares, outflows last week reached $6.4 million. This is due to slight withdrawals in Bitcoin Cash, Stellar, and Uniswap and inflows into Solana, Cardano, and Polygon.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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