Ethereum investment products end 9 weeks of capital loss

After nine consecutive weeks of capital outflows, Ethereum investment products saw a total inflow of $21 million last week.

Follow report Cryptocurrency fund manager CoinShares’ latest update last week saw Ethereum’s investment products finally end a nine-week streak of outflows, while Bitcoin saw its fourth consecutive week of capital inflows.

The report, which analyzes weekly inflows into digital asset funds, uncovered the popularity of multi-asset investment products, noting the fifth straight week of capital inflows into the market, totaling $19 million in the past week.

European Ethereum investment products dominate

Digital asset Ethereum investment products saw another week total inflows into the market of $75 million.

This brings inflow over the past 4 weeks to $209 million, which is 0.4% of total assets under management (AuM).

Crypto Assets Weekly Flowchart | Source: CoinShares

However, while the market inflow for investment products for digital assets saw capital inflows over the past week, CoinShares reports that the volume is “still relatively small” compared to the figures observed in the fourth quarter of 2021.

The crypto fund manager has also observed some disparities in capital outflows across regions, with $5.5 million in outflows in the Americas compared to $80.7 million in inflows in investment products in Europe.

Most capital inflows over the past week – ending February 11th

With digital asset Ethereum investment products, Bitcoin saw capital inflows for the fourth consecutive week. Bitcoin inflows accounted for a third of last week’s volume, totaling $25 million, while Ethereum investment followed with $21 million.

Cash flows from digital assets by asset class over the past week | Source: CoinShares

In third place, multi-asset investment products continue to maintain their popularity with institutional investors, with a total inflow of $19 million.

Meanwhile, Solana and Ripple investment products have seen inflows of $3.1 million and $2 million, respectively.

The report also notes that altcoin investment products like Terra, Tezos, and Cosmos have all seen capital inflows into the market over the past week.

While Terra saw $2.2 million in inflows, Tezos and Cosmos products saw $0.9 million and $0.6 million, respectively.

Among hedge funds, ProShares saw the largest inflows last week, totaling $45 million.

Meanwhile, Purpose saw the largest cash outflow at $75 million.

Fund inflows for digital assets by provider in the past week | Source: CoinShares

Finally, with inflows totaling $69 million over the past week, blockchain equity investment products, which offer exposure to companies involved in the development and exploitation of blockchain technology, have proven the volume of investment capital flowing into the market expected to reach its highest level since mid-December.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page