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Analysis

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

January 30, 2023 - Around 2 mins mins to read

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

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

# Cryptocurrencies

#Bitcoin

crypto

crypto-related

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Analysis

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

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News