Crypto investment products see highest inflow since October 2021
Last week, the inflow of investment products into digital assets reached $176 million, the most significant number since October 2021. This marked the 10th consecutive week of inflows totaling $1.76 billion, or 4% of assets under management (AuM), according to a CoinShares report. The inflow of assets into crypto funds was the largest since October 2021, when a crypto futures ETF was launched in the United States. Crypto assets inflow | Source: CoinShares Additionally, total AuM is up 107% this year, but at $46.2 billion, it remains well below the all-time high of $86.6 billion seen in 2021, according to analysts. ETP trading volumes remain high at $2.6 billion weekly, representing 12% of total Bitcoin (BTC) volume. Bitcoin was the main beneficiary, receiving inflow s of $133 million, although short Bitcoin, after three weeks of outflows, saw inflow s of $3.6 million last week. You might also like: ‘Rich Dad Poor Dad’ author reiterates Bitcoin investment Ethere...