Cryptocurrency asset management company CoinShares stated in its report released on Monday (4th) that digital asset investment products had a net inflow of $176 million last week, bringing the total net inflow over the past 10 weeks to $1.76 billion, accounting for 4% of the Assets under Management (AuM).
CoinShares stated that this influx of funds is the largest since the launch of the US Bitcoin futures ETF in October 2021. The AuM of digital asset investment products is $46.2 billion, a 107% increase since the beginning of the year, but still far below the historical peak of $86.6 billion in 2021. Last week, ETP trading volume remained high at $2.6 billion, accounting for 12% of total Bitcoin trading volume.
In terms of ETP investment in various regions, Canada and Germany continued to show net inflows of $79 million and $56.9 million, respectively, while the US saw an increase in net inflows to $53.5 million compared to the previous week. Hong Kong experienced a slight net outflow of $15 million, although the AuM in Asia is relatively small and the number of ETPs is still low, Asia is one of the few regions to show net outflows since the beginning of the year.
In terms of various currency investment products, Bitcoin remains dominant with a net inflow of $132.8 million, but at the same time, last week saw a net inflow of $3.6 million in short Bitcoin investment products after three consecutive weeks of net outflows.
Ethereum investment products saw a further $30.8 million inflow last week, bringing the total net inflow over the past 5 weeks to $134 million. After experiencing prolonged negative sentiment, Ethereum investment products saw a net inflow of $10 million for the first time this year.
Blockchain stocks have seen net inflows for 7 consecutive weeks, with a net inflow of $17.4 million last week, the largest since July 2022.