{"id":539785,"date":"2023-06-27T00:00:26","date_gmt":"2023-06-27T00:00:26","guid":{"rendered":"https:\/\/uniquehot.com\/?p=539785"},"modified":"2023-06-26T15:58:22","modified_gmt":"2023-06-26T15:58:22","slug":"crypto-investment-inflows-reach-one-year-high-reveals-coinshares","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-investment-inflows-reach-one-year-high-reveals-coinshares\/","title":{"rendered":"Crypto Investment Inflows Reach One-Year High, Reveals CoinShares"},"content":{"rendered":"
Crypto investment products are once again proving their market allure, with inflows hitting their highest level since July 2022. European asset management firm, CoinShares, noted<\/a> an influx of $199 million just last week, signaling revived interest from investors in the crypto space.<\/span><\/p>\n The surge is seen as a correction, compensating for almost half of the outflows observed in the preceding 9 weeks. CoinShares attributed the surge to recent filings for physically backed ETFs from high-profile issuers. Particularly, the crypto market is evidently witnessing a rebirth of enthusiasm as global asset management giants, such as BlackRock, file for spot Bitcoin ETFs<\/a>.<\/span><\/p>\n In this wave of increased inflows, Bitcoin emerged as the undisputed front-runner. Bitcoin-centric investment products saw inflows of $188 million last week, according to CoinShares. <\/span><\/p>\n On the other hand, short-bitcoin continued its trend of nine consecutive weeks of outflows, reaching $4.9 million. These contrasting trends are a testament to Bitcoin’s persistent allure amid market fluctuations.<\/span><\/p>\n Ethereum also registered inflows, albeit at a comparatively lesser scale of $7.8 million. CoinShares\u2019 data implies a currently subdued investor appetite for Ethereum as compared to Bitcoin.<\/span><\/p>\n Notably, despite the Bitcoin and Ethereum<\/a> domination, there’s a visible, albeit “very minor”, flow towards alternative cryptocurrencies, such as XRP and Solana<\/a>. This points to a diverse market interest, even if it doesn’t match the scale of the major cryptos.<\/span><\/p>\n The improved market sentiment is also persuading investors towards multi-asset investment ETPs. These ETPs saw an inflow of $8 million last week, which further emphasizes the ongoing diversification of investor interests in the crypto asset class.<\/span><\/p>\n With the increased inflows, the total assets under management (AUM) across fund managers have now also reached $37 billion. This is the highest level noted since before the collapse of Three Arrows Capital. It underscores not just the resilience of the crypto market<\/a>, but also the continued faith that investors place in it.<\/span><\/p>\n It is worth noting that alongside the surge in crypto investment inflows, the crypto market particularly large crypto assets such as Bitcoin<\/a> and Ethereum has seen a rebound from its losses amid the United States Securities and Exchange Commission (SEC) lawsuit against Binance and Coinbase.<\/p>\nBitcoin Takes The Lion’s Share<\/span><\/h2>\n
Record High For Crypto Assets Under Management<\/span><\/h2>\n