CoinShares: Biggest Inflows Into Bitcoin (BTC) Since November 2021 – BeInCrypto

Inflows to digital asset investment products totaled $30 million last week. In contrast, the previous week, the inflows reached as much as $343 million, according to a new report from CoinShares.

According to the CoinShares report, last week’s $343 million in inflows was the largest single week of inflows since November 2021.


According to CoinShares, $30 million was reported as inflows to digital asset investment products last week. This brings total inflows since the beginning of the month to $394 million. Meanwhile, total assets under management (AuM) are back to their early June 2022 value of $30 billion.


Bitcoin and altcoins

Bitcoin recorded inflows totaling $19 million last week. In contrast, the previous week’s inflows were as high as $206 million. This represented the largest single week of inflows since May 2022 for the largest cryptocurrency.

In addition, the report noted that last week’s results brought month-to-date inflows of $221.5 million. Meanwhile, year-to-date inflows amounted to $241.3 million.

It is worth noting that the year-to-date inflows for Bitcoin represent 58% of the total year-to-date inflows for all assets. The latter reached $415 million, according to data from CoinShares.

Last week, the Short-Bitcoin product recorded inflows of $0.6 million. However, the asset’s AuM fell 9% from its July 13 peak of $145 million to $133 million. This occurred due to positive price action for Bitcoin.

By contrast, in the case of Ethereum, CoinShares said its total inflows last week amounted to $8.1 million. The largest altcoin recorded $120 million in inflows in the previous week.

According to the report, this represented the largest single week of inflows since June 2021 and “implied a turning point in sentiment after a recent 11-week run of outflows.” CoinShares said that with the upcoming Merge update, investor interest in Ethereum is gradually returning.

The altcoin’s performance last week put its total month-to-date inflows at $137 million. This represented a 35% share of the total $393.5 million recorded in this month’s inflows for all assets analyzed in the report.


CoinShares: Swiss people love cryptocurrencies

The CoinShares report shows that most of the inflows during the period under review came from Switzerland.

Last week, $16 million of the total $30 million recorded as inflows in digital asset investment products came from Switzerland. In the previous week, inflows from Switzerland totaled $356 million.

With inflows counted at $577 million since the beginning of this year, CoinShares said Switzerland remains “a favored region for digital asset investors.” The US and Germany lagged behind with small inflows of $9 million and $5 million, respectively.


What do you think about this subject? Write to us and tell us!


All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

Share Article

Leave a Reply

Your email address will not be published.