Digital asset investment products see highest inflows since July 2022: Report
According to CoinShares, digital asset investment products saw $117 million in inflows last week. On Jan. 30, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investment s experienced a surge in in flows last week, reaching $117 million, the highest since July 2022. CoinShares reported that the sector's total asset under management (AuM) rose to $28 billion, a 43% increase from its November 2022 lows. The improvement in investment product volumes was evident, with $1.3 billion traded during the week, a 17% increase compared to the year-to-date average. Meanwhile, weekly volumes in the digital asset market have risen by an average of 11%. Germany saw the highest inflows last week, accounting for 40% of the total ($46 million), followed by Canada, the United States and Switzerland, which received $30 million, $26 million and $23 million, respectively. Most of the inflows were directed towar...