{"id":17117,"date":"2023-01-31T15:53:07","date_gmt":"2023-01-31T15:53:07","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/inflows-into-bitcoin-products-surged-by-116-million-last-week\/"},"modified":"2023-01-31T15:53:07","modified_gmt":"2023-01-31T15:53:07","slug":"inflows-into-bitcoin-products-surged-by-116-million-last-week","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/inflows-into-bitcoin-products-surged-by-116-million-last-week\/","title":{"rendered":"Inflows into Bitcoin products surged by $116 million last week"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675110490934-98b10103-29b9-4cab-bd39-bccd3a084e4a-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675110490934-98b10103-29b9-4cab-bd39-bccd3a084e4a-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675110490934-98b10103-29b9-4cab-bd39-bccd3a084e4a-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675110490934-98b10103-29b9-4cab-bd39-bccd3a084e4a-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Digital asset investment products saw inflows of about $117 million last week, the biggest since July 2022.<\/li>\n<li dir=\"ltr\">Bitcoin saw almost all of last week\u2019s digital asset investment products inflows, with $116 million of the total.<\/li>\n<li dir=\"ltr\">Total assets under management (AUM) rose $28 billion, roughly 43% from inflow lows recorded in November.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a> saw the most fund inflows this past week, with the benchmark cryptocurrency accounting for nearly all of the weekly inflows.<\/p>\n<p dir=\"ltr\">According to a weekly <a href=\"https:\/\/a.storyblok.com\/f\/155294\/x\/3cbf385a56\/digital-asset-fund-flows-weekly-30-01-23-pdf.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">report<\/a> digital asset manager CoinShares shared on Monday, crypto asset investment products recorded inflows of $117 million. It was the biggest week for inflows across digital asset investment products since July 2022.<\/p>\n<h2 dir=\"ltr\">Bitcoin products saw inflows of $116 million<\/h2>\n<p dir=\"ltr\">Bitcoin accounted for nearly $116 million of the total digital assets products inflows. And as Bitcoin price rose above $23,000, inflows into Short Bitcoin products represented $4.4 million of weekly totals.\u00a0<\/p>\n<p dir=\"ltr\">In other <a href=\"https:\/\/coinjournal.net\/cryptocurrencies\/\">cryptocurrencies<\/a>, inflows into Ethereum were $2.3 million and $1.1 million for Solana.\u00a0<\/p>\n<p dir=\"ltr\">However, multi-asset investment products saw a ninth consecutive week of outflows with $6.4 million. Binance and XRP also saw outflows of around $400,000 and $200,000 respectively.<\/p>\n<p dir=\"ltr\">The spike in inflows pushed total assets under management (AUM) to over $2.8 billion, with the metric up by 43% from its November low. Investment products also saw an improvement in terms of weekly volumes.<\/p>\n<p dir=\"ltr\">Per the CoinShares report, $1.3 billion was traded, up 17% compared to the year-to-date average. The volume was also higher compared to the average of 11% for the broader crypto market.<\/p>\n<p dir=\"ltr\">In terms of various regions, Germany saw about 40% of the inflows for approximately $46 million, while Canada, the United States and Switzerland saw the next three largest inflow batches with $30 million, $26 million and $23 million respectively.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/investors-put-116-million-into-bitcoin-investment-products-as-crypto-pumped\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Digital asset investment products saw inflows of about $117 million last week, the biggest since July 2022. Bitcoin saw almost all of last week\u2019s digital asset investment products inflows, with $116 million of the total. Total assets under management (AUM) rose $28 billion, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":17092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17117"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=17117"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/17092"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=17117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=17117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=17117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}