Last week, digital asset investment product inflows reached $75 million, making it the fourth consecutive week of inflows.
The $209 million in inflows accumulated over the past four weeks now represents 0.4% of total assets under management (AuM), according to the latest CoinShares report. Despite this notable development, the report highlights that inflows remain relatively minimal compared to those made in the fourth quarter of 2021.
It should also be noted that some regions recorded exits while others attracted new investors. For example, crypto markets in America countries totaled $5.5 million in outflows, while European countries saw $80.7 million in inflows.
Breakdown of incoming flows
Once again, Bitcoin-based investment products attracted the largest share of investment last week, with total inflows of $25 million. Although flows since the beginning of the year remain negative (35 million dollars), the inflows of 90 million dollars recorded since the beginning of the month have largely improved this figure. On the other hand, Ethereum-based investment products finally broke a 9-week straight streak of outflows, with inflows of $21 million.
Altcoin-based investment products also saw respectable gains last week. Thus, multi-asset investment products attracted $19 million in investments. On the other hand, Solana and Ripple recorded inflows of $3.1 million and $2 million respectively, while Terra, Tezos and Cosmos recorded inflows of $2.2 million, $900,000 and $600 respectively. 000 dollars.
Additionally, blockchain equity investment products saw inflows of $69 million, the highest amount of inflows since mid-December.
Due to the market crash, crypto investment products started the year amid several weeks of releases. However, when the market saw $14 million in inflows three weeks ago, it ended a streak of outflows that reached $532 million. Admissions then continued the following week, with another $19 million, before accumulating to $133 million last week. According to a report from CoinShares, this development suggests continued positive investor sentiment.
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