On February 6, European cryptocurrency investment company CoinShares published its “Digital Asset Fund Flow Report,” which revealed that investors are showing strong interest in digital asset investment products, with inflows totaling $76 million last week, marking the fourth consecutive week – follow .
The report shows a change in investor sentiment for the start of 2023, with current inflows of $230 million. This growth led to an increase in total assets under management (AUM), which now stands at $30.3 billion – the highest since mid-August 2022.
Investors mainly focused on Bitcoin (BTC), with a weekly inflow of $69 million, accounting for 90% of the week’s total flow. This investment growth is mainly from the United States, Canada and Germany, with weekly inflows of $38 million, $25 million and $24 million respectively.
However, opinions are divided on the sustainability of this growth, with short Bitcoin inflows totaling $8.2 million over the same period. Although this inflow is relatively small compared to long Bitcoin inflows, it has increased 26% of total AUM over the past three weeks. Despite this, short-Bitcoin trading has not attracted enough interest in recent years, with the total short-Bitcoin AUM down 9.2%.
Altcoins also saw some small inflows, with Solana (SOL), Cardano (ADA) and Polygon (MATIC) investment products all posting modest declines. Despite much clarity about unstaking, Ether (ETH) producers only received $700,000 in inflows.
Related: Digital asset investment products see highest inflows since July 2022: Report
Overall, the positive inflows into digital asset investment products highlight investor confidence in the market. Altcoin activity also shows that the digital asset market remains diverse and continues to grow.