CoinShares, a leading digital asset investment firm, has released its weekly cryptocurrency fund introductory report, revealing that the market continues to rise.
CoinShares Releases Weekly Cryptocurrency Fund Report
Last week, digital asset investment products recorded a significant inflow of US$125 million, marking the second week of positive entries in a row.
Total inflows over the past two weeks reached $334 million, representing approximately 1% of total assets under management.
Bitcoin remains the primary focus of investors, with $123 million in inflows. These recent entries accounted for 98% of all digital asset flows over the same period.
This increase in investor interest is notable considering that just two weeks ago Bitcoin investment products experienced a net exit position of US$171 million. As a result, Bitcoin investment products are now back to a net entry position year-to-date.
In addition to Bitcoin, several altcoins have also experienced small inflows. Ethereum took the lead with total entries of $2.7 million, followed by Cardano, Polygon and XRP.
Overall, recent entries in digital asset investment products indicate that the uptrend among investors continues.
Total assets under management reached US$37 billion during the week, representing the highest point since June 2022, matching the average total assets for the entire last year.
In addition, trading activity remained strong, with weekly trading volume exceeding US$2.3 billion on average, with a year-to-date average of US$1.5 billion.
CoinShares' report shows that the cryptocurrency market continues to attract significant investor interest, especially towards Bitcoin, with altcoins receiving some interest as well.
Positive entries and increased trading activity indicate a strong belief in the future potential of digital assets and blockchain technology.
*Not investment advice.