Weekly crypto asset flow has these profit-making statistics

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Inflows into dig­i­tal asset invest­ment prod­ucts totaled $3 mil­lion last week, bring­ing the sixth con­sec­u­tive week of inflows to a total of $529 mil­lion, Coin­Shares found in a new­ly pub­lished report.

Last week’s inflow rep­re­sent­ed a 96% decline from the $81 mil­lion record­ed in inflows the pre­vi­ous week.

Source: Coin­Shares

Inflows into dig­i­tal asset invest­ment prod­ucts totaled $3 mil­lion last week, bring­ing the total inflows since the begin­ning of the month to $3.1 million. 

Coin­Shares found that last week’s inflows rep­re­sent­ed 1.7% of the total assets under man­age­ment (AuM). It fur­ther stat­ed that despite the mar­ket down­turn in the last quar­ter, 32 new invest­ments have been launched, pri­mar­i­ly in altcoins.

Source: Coin­Shares

Bitcoin and Bitcoin-short in the last week

Accord­ing to the report, last week, Bit­coin logged out­flows. These out­flows totaled $8.5 mil­lion. The out­flows record­ed brought the year-to-date (YTD) inflows for the king coin to $311.9 mil­lion, a decline from the YTD index of $326.1 mil­lion record­ed in the pre­vi­ous week. 

Still, a king, Bitcoin’s YTD inflows rep­re­sent 63% of the YTD total inflows of $492 mil­lion record­ed by all assets con­sid­ered by Coin­Shares in the report. 

Fur­ther, Coin­hares found that short-Bit­coin invest­ment prod­ucts also record­ed out­flows that totaled $7.5 mil­lion. That was the sec­ond con­sec­u­tive week of out­flows for short-Bit­coin. In the pre­vi­ous week, it saw out­flows of $2.6 million. 

These out­flows, accord­ing to Coin­Shares, sug­gest that “investors believe bit­coin prices have troughed.”

What about Ethereum?

For Ethereum, inflows in the last week totaled $16 mil­lion, bring­ing it to its near sev­en con­sec­u­tive week run of inflows of $159 million. 

“We believe this turn-around in investor sen­ti­ment is due to greater clar­i­ty on the tim­ing of The Merge where Ethereum shifts from proof-of-work to proof-of-stake,” Coin­Shares stated.

The report, how­ev­er, stat­ed that on a YTD basis, the lead­ing alt had seen out­flows of $300 million. 

Source: Coin­Shares

Region­al­ly, most inflows were from North Amer­i­ca and Europe, with inflows from the Unit­ed States and Ger­many total­ing $16.8 mil­lion and $7.8 mil­lion, respectively. 

All oth­er regions con­sid­ered in the report reg­is­tered inflows except Cana­da, which saw an out­flow of $29.9 million.

Source: Coin­Shares

Com­ment­ing on the rea­son for the low week­ly inflow, Coin­Shares, thus, stated:

“Despite improv­ing sen­ti­ment, trad­ing vol­umes remain very low at US$1.1bn for the week ver­sus the year-to-date week­ly aver­age of US$2.4bn. We believe the low par­tic­i­pa­tion is sea­son­al as a sim­i­lar trend has been seen in pre­vi­ous years.”

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