CoinShares, a Europe-based digital asset investing and trading organization, got $76 million in inflows last week for its digital asset investment products.
According to a blog article published on Monday (6 February 2023) by James Butterfill, which studied inflows into digital asset investment products for the week ending on 3 February 2023, this was the fourth consecutive week of inflows, bringing the year-to-date total to $230 million.
According to the business, this indicates a shift in investor mood toward the start of 2023. Assets under management (AuM) have climbed by 39% this year due to the inflows, hitting $30.3 billion, the highest level since mid-August 2022.
According to CoinShares, the bulk of inflows came from the United States, Canada, and Germany, with $38 million, $25 million, and $24 million, respectively.
According to CoinShares, Bitcoin remains the primary focus for investors, with inflows totaling $69 million, accounting for 90% of total weekly inflows.
Short-Bitcoin inflows were $8.2 million of the remaining inflows. According to the business, the inflows into short-Bitcoin show that perspectives on the durability of the current surge remain mixed. Despite being relatively tiny compared to long-Bitcoin inflows, short-Bitcoin inflows reach $38 million, accounting for 26% of total AuM.
According to CoinShares, there were also tiny inflows into Solana ($0.5 million), Cardano ($0.6 million), and Polygon ($0.3 million). Meanwhile, Polygon reported $0.5 million in outflows. Despite improvements in the transparency of unstacking, Ethereum saw just $0.7 million in inflows, according to the firm.
