Crypto asset management company CoinShares said in a report released on Monday (15th) that digital asset investment products have seen further buying amid weak prices, with net fund inflows totaling $1.44 billion last week, bringing the year-to-date net total to $1.44 billion. Inflows hit a record $17.8 billion, far exceeding the $10.6 billion set in 2021.
However, the trading volume of these digital asset ETPs last week was only $8.9 billion, which is still low compared to this yearâs seven-day average trading volume ($21 billion).
Source: CoinShares
Regionally, U.S. digital asset ETPs led the way with net inflows of $1.274 billion last week, but other countries also showed positive sentiment, most notably Switzerland (which saw record inflows this year), Hong Kong, and Canada, which each recorded $1.274 billion in net inflows. Net inflows of $57.5 million, $54.6 million and $24.2 million.
Source: CoinShares
From an asset class perspective, Bitcoin (BTC) investment products recorded a net inflow of US$1.347 billion last week, setting the fifth largest single-week net inflow in history. At the same time, the net outflow of short Bitcoin investment products last week reached 860 million, the largest weekly net outflow since April. CoinShares analysts believe that price weakness due to the German governmentâs Bitcoin sell-off and a shift in sentiment due to lower-than-expected CPI in the United States have prompted investors to increase their positions.
In addition, a variety of altcoins investment products have shown net inflows, the most significant of which is Ethereum, which recorded a net inflow of $72.1 million last week, which is the largest net inflow since March, CoinShares believes , which may be related to the marketâs expectations for the upcoming approval of the U.S. Ethereum spot ETF.
Source: CoinShares
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