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News

Digital Asset Fund Inflows Exceeds $1 Billion Mark in 7 Weeks

November 13, 2023 - Around 2 mins mins to read

Key Points:

  • Digital asset fund saw a record $293 million inflow last week, pushing the 7-week total past $1 billion for the year.
  • Bitcoin’s year-to-date inflows reached $1.08 billion, with Bitcoin ETP trading volumes representing 19.5% of total Bitcoin trading.
  • Ethereum marked its highest inflows since August 2022 at $49 million.
In the past week, the digital asset fund recorded a remarkable inflow of $293 million, marking the seventh consecutive week of positive flows and pushing the 7-week total past the significant $1 billion milestone, according to the CoinShare report.
Digital Asset Fund Inflows Exceeds $1 Billion Mark in 7 Weeks
Digital Asset Fund Inflows Exceeds $1 Billion Mark in 7 Weeks 2

Digital Asset Fund Soars, Crossing $1 Billion Yearly Inflows Mark

Year-to-date, digital asset fund inflows have reached an impressive $1.14 billion, securing the third-highest yearly inflow on record. This surge has elevated total assets under management (AuM) by 9.6% in the last week alone and an impressive 99% since the beginning of the year, now standing at a substantial $44.3 billion—the highest since the notable digital asset fund failures in May 2022.

Bitcoin Exchange-Traded Product (ETP) trading volumes surged to represent 19.5% of total Bitcoin trading volumes on reputable exchanges. This unusual occurrence suggests that ETP investors are significantly engaging in the current rally compared to the 2020/21 period.

Bitcoin Dominance and Ethereum’s Resurgence Shape Record-Breaking Week

Bitcoin attracted inflows of $240 million last week, contributing to a year-to-date total of $1.08 billion. Meanwhile, short-bitcoin experienced outflows of $7 million, indicating a prevailing positive sentiment in the market.

Ethereum witnessed its most substantial inflows since August 2022, totaling $49 million. The past two weeks have marked a notable turnaround in sentiment, likely influenced by the recent spot-based ETF listing request in the United States. Additionally, Solana experienced increased inflows amounting to $12 million.

In the realm of blockchain equity ETFs, a noteworthy influx of $14 million was recorded, marking the highest since July 2022 and bringing year-to-date flows into positive territory at $11 million. The digital asset market continues to showcase resilience and investor confidence, setting new records and reflecting the evolving dynamics of the crypto landscape.

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

Bitcoin

crypto

Digital Asset Fund

Ethereum

Fund Inflows

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Digital Asset Fund Inflows Exceeds $1 Billion Mark in 7 Weeks

Key Points:

  • Digital asset fund saw a record $293 million inflow last week, pushing the 7-week total past $1 billion for the year.
  • Bitcoin’s year-to-date inflows reached $1.08 billion, with Bitcoin ETP trading volumes representing 19.5% of total Bitcoin trading.
  • Ethereum marked its highest inflows since August 2022 at $49 million.
In the past week, the digital asset fund recorded a remarkable inflow of $293 million, marking the seventh consecutive week of positive flows and pushing the 7-week total past the significant $1 billion milestone, according to the CoinShare report.
Digital Asset Fund Inflows Exceeds $1 Billion Mark in 7 Weeks
Digital Asset Fund Inflows Exceeds $1 Billion Mark in 7 Weeks 4

Digital Asset Fund Soars, Crossing $1 Billion Yearly Inflows Mark

Year-to-date, digital asset fund inflows have reached an impressive $1.14 billion, securing the third-highest yearly inflow on record. This surge has elevated total assets under management (AuM) by 9.6% in the last week alone and an impressive 99% since the beginning of the year, now standing at a substantial $44.3 billion—the highest since the notable digital asset fund failures in May 2022.

Bitcoin Exchange-Traded Product (ETP) trading volumes surged to represent 19.5% of total Bitcoin trading volumes on reputable exchanges. This unusual occurrence suggests that ETP investors are significantly engaging in the current rally compared to the 2020/21 period.

Bitcoin Dominance and Ethereum’s Resurgence Shape Record-Breaking Week

Bitcoin attracted inflows of $240 million last week, contributing to a year-to-date total of $1.08 billion. Meanwhile, short-bitcoin experienced outflows of $7 million, indicating a prevailing positive sentiment in the market.

Ethereum witnessed its most substantial inflows since August 2022, totaling $49 million. The past two weeks have marked a notable turnaround in sentiment, likely influenced by the recent spot-based ETF listing request in the United States. Additionally, Solana experienced increased inflows amounting to $12 million.

In the realm of blockchain equity ETFs, a noteworthy influx of $14 million was recorded, marking the highest since July 2022 and bringing year-to-date flows into positive territory at $11 million. The digital asset market continues to showcase resilience and investor confidence, setting new records and reflecting the evolving dynamics of the crypto landscape.

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

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