Cointime

Download App
iOS & Android

Investors Pump Money Into Crypto Funds Amid Pickup in Market Sentiment

Digital asset investment products saw a total of $117 million in inflows last week, the largest in six months, according to data from CoinShares.

Investors pumped money mainly into bitcoin-related funds, which accounted for $116 million worth of the $117 million in inflows. This comes as the world’s largest cryptocurrency has been on an upward trajectory since the start of the year, gaining 40%.

As market sentiment has improved, digital investment product volumes are benefitting. These volumes reached $1.3 billion traded last week, up 17% compared to the year-to-date average.

Short-bitcoin products saw inflows of $4.4 million, which suggests opinion does remain polarized, according to CoinShares.

Multi-asset investment products saw outflows for the ninth consecutive week, worth $6.4 million. “This suggests investors are preferring select investments. This was evident in alts such as Solana, Cardano and Polygon while Bitcoin Cash, Stellar and Uniswap all saw minor outflows,” said the report.

Comments

All Comments

Recommended for you

  • Cointime April 23th News Express

    1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16
  • Cointime April 5th News Express

    1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others
  • Terra founder Do Kwon to be extradited to U.S.

    Terra founder Do Kwon will be extradited to the United States.
  • Volume 168: Digital Asset Fund Flows Weekly Report

    US$708m inflows last week, outflows from Grayscale abating Digital asset investment products saw large inflows totalling US$708m last week, bringing year-to-date inflows to US$1.6bn and total global assets under management to US$53bn. Trading volumes in ETPs fell to US$8.2bn compared to the prior week total of US$10.6bn, although remain well above the US$1.5bn week average in 2023. These volumes comprise 29% of Bitcoin’s total trading on trusted exchanges.
  • Cointime February 3 News Express

    1. Ripple payment service "Ripple Payments" plans to return to the US market and launch targeted solutions
  • Volume 167: Digital Asset Fund Flows Weekly Report

    Digital asset investment products saw significant outflows from a global perspective, totalling US$500m. The outflows in Grayscale last week totalled US$2.2bn, although data suggests outflows are beginning to subside as the daily total continued to reduce towards over the week. In stark contrast, newly issued US ETFs saw inflows totalling US$1.8bn last week, and since launch on 11th January 2024 have seen US$5.94bn of inflows.
  • Cointime January 14 News Express

    1.Digital asset protocol Metaplex will list its Solana inscription on January 162.Investment bank TD Cowen: The U.S. SEC will not approve an Ethereum spot ETF in the short term3.Binance, Kraken and other nine trading platforms have been removed from Google App Store in India4.Barclays economists advance forecast for Fed rate cut to start from June to March5.The Chairman of the U.S. SEC issued a statement on the theft of the SEC's official Twitter account: The impact is still being evaluated and the company is cooperating with law enforcement agencies for
  • Cointime January 7th News Express

    1.Ordinals’ cumulative fee income exceeds 5,400 BTC
  • 2023: Digital Asset Fund Flows Weekly Report

    2023 inflows 2.7x greater than 2022, Bitcoin the main benefactor