- Digital asset investment products logged the fourth week of consecutive inflows last week.
- There has been a significant increase in investments in short-bitcoin, indicating that a substantial number of investors remain uncertain about the future trajectory of the market.
Inflows into digital asset investment products totaled $76 million last week, bringing the fourth consecutive week of inflows to $230 million, CoinShares found in a report on 6 February.
Prošlonedeljni priliv predstavlja pad od 35% u odnosu na 117 milion dolara zabeleženih u prilivu prethodne nedelje.
Izvor: Coinshares
Coinshares noted that the consistent increase in inflows into digital assets marked a distinct shift in investor sentiment for the start of 2023. It said:
„Prošle sedmice su proizvodi za investiranje u digitalna sredstva ostvarili priliv u ukupnom iznosu od 76 miliona USD, četvrtu sedmicu zaredom priliva sa prilivom od početka godine do sada na 4 miliona USD, naglašavajući odlučujuću promjenu u raspoloženju investitora za početak 230.
“Put your money where your mouth is,” Bitcoin says
According to Coinshares, investors mostly directed their attention towards Bitcoin [BTC] during the week, with inflows totaling $69 million. This accounted for 90% of the total inflows recorded last week.
Coinshares found that a substantial interest in BTC was predominantly observed in the US, Canada, and Germany, with inflows of $38 million, $25 million, and $24 million, respectively.
While BTC remained the primary focus, inflows into short-Bitcoin reached $8.2 million during the same time frame. Coinshares opined that this meant that the market remained unsure of a continued rally in BTC’s price.
“The rest of the inflows were from short-Bitcoin, which totaled US$8.2m over the same period, highlighting opinion remains divided over the sustainability of this rally.”
Despite being relatively small compared to the long-Bitcoin inflows, the inflows into short-Bitcoin accumulated to $38 million over the past three weeks and comprised 26% of the total assets under management. Nevertheless, the short-Bitcoin trade had yet to be successful year-to-date, with the total short-Bitcoin assets under management declining by 9.2%.
Izvor: Coinshares
The altcoins did their part
Per Coinshares, Ethereum [ETH] saw only $700,000 of inflows last week, despite the improving clarity around making previously staked ETH coins available with the scheduled Shanghai upgrade.
Other altcoins, such as Solana [SOL], Cardano [ADA], I Poligon [MATIC], also saw minor inflows of $500,000, $600,000, and $300,000, respectively.
Izvor: Coinshares
Source: https://ambcrypto.com/interest-in-digital-assets-unabated-with-multiple-weeks-of-consecutive-inflows-report/