![]() ![]() ![]() Most other altcoins saw inflows, most notable were Multi-asset, Solana and Tron at US$4.8m, US$1.8m and US$0.4m respectively. Short Bitcoin saw inflows totalling US$1.8m last week suggesting the market hasn’t completely shrugged-off its bearish undertones.Įthereum resumed it grind lower with outflows totalling US$11.6m last week, bringing net outflows year-to-date to US$250m, a stark contrast to most other altcoins.Īlgorand, the defi focussed protocol, saw record inflows last week totalling US$20m, likely triggered by new product launches. Regionally, North America saw inflows totalling US$72m while Europe saw US$15.5m, the first time for over a month where we have seen coordinated inflows.īitcoin saw inflows totalling US$69m, bringing year-to-date inflows to US$369m although, due to price weakness, total assets under management (AuM) are now at their lowest point since July 2021. ![]() It is encouraging given the negative price action of 34% for Bitcoin this year, and implies investors are buying on price weakness. It remains well below year-to-date inflows this time last year which were at US$5.9bn. That includes funds like Grayscale’s Bitcoin Trust or Digital Asset ETPs from 21Shares. Multi-asset digital investment products took 8.6 million in inflows last week. Bitcoin (BTC) witnessed the largest amount of inflows from institutional investors last week, totaling 298 million. Digital asset investment products saw inflows totalling US$87m last week, pushing year-to-date inflows just past the half a billion mark to US$0.52bn. The CoinShares fund flows report specifically tracks activity in exchange-traded products or instruments for gaining exposure to crypto products. tldr Institutional investors took advantage of last week’s Bitcoin sell-off in record numbers for 2022, according to CoinShares.
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