Digital Asset Investment Products See Record Inflows, Total AUM Rises to $2.8 Billion

• Digital asset investment products saw inflows of about $117 million last week, the biggest since July 2022.
• Bitcoin accounted for nearly all of the weekly inflows, with $116 million of the total.
• Total assets under management (AUM) rose $28 billion, roughly 43% from inflow lows recorded in November.

Investors poured a whopping $117 million into digital asset investment products last week, the biggest influx since July 2022. Of this total, almost all of it was in Bitcoin, with $116 million of it being allocated to the leading cryptocurrency. This surge in inflows pushed the total assets under management (AUM) to over $2.8 billion, a rise of 43% from its November lows.

The weekly report released by digital asset manager CoinShares showed that Bitcoin was the biggest beneficiary of the inflows, with nearly $116 million of the total being allocated to the benchmark cryptocurrency. Short Bitcoin products also saw a healthy injection of funds, with $4.4 million of the inflow total being allocated to them as Bitcoin’s price rose above $23,000. Ethereum and Solana also saw notable inflows, with $2.3 million and $1.1 million being allocated to them respectively.

Multi-asset investment products, however, saw a ninth consecutive week of outflows, with $6.4 million being withdrawn from them. Binance and XRP also saw outflows of around $400,000 and $200,000 respectively. Despite this, the total AUM rose $28 billion due to the inflow of funds into other digital asset investment products.

The surge in investment products last week is a positive sign for the cryptocurrency markets, as it shows that investors are bullish on their prospects. It is also a sign that the institutional adoption of cryptocurrencies is continuing to grow, as more and more investors are willing to allocate funds to digital asset investment products. With the total AUM now at $2.8 billion, it is clear that the cryptocurrency markets are in a healthy state.