Coinshares Report Shows Rising Optimism in Digital Assets Drives Strongest Inflows Since July 2022
This week’s
Coinshares report, Volume 155, highlights the rising optimism and a higher rate of inflows.
Bitcoin (BTC) dominated the influx, capturing 90% of the inflows at $296 million, demonstrating market confidence despite recent price increases.
Coinshares researchers also noted substantial inflows into various alternative digital assets. However, this renewed optimism did not extend to ethereum (ETH), which experienced a
$6 million outflow.
The report further indicates that the market is responding positively to the current conditions, with
BTC leading the way in terms of investor interest and capital allocation. Interestingly, the research also notes
a $15 million influx into short bitcoin investment products, highlighting a segment of the market hedging against potential future declines in bitcoin’s value. Last week,
BTC’s climactic rise to $35,000, erased
$232 million in short positions in a single day.
The crypto market report highlighted that total assets under management (AUM) are now standing at
$37.8 billion, the highest since May 2022. Regionally, only
12% of the flows came from the U.S., totaling
$38 million. Coinshares attributes this to investors awaiting a spot-based exchange-traded fund (ETF). .
