Over $76M invested in crypto funds in past 7 days

Share This Post

A total of $76 million was invested in digital asset products during the week of Jan. 30 to Feb., according to a CoinShares report.

Around 90% of the inflows were directed toward Bitcoin (BTC) related products, which equate to about $69 million, data from CoinShares stated.

Weekly Crypto Asset Inflows
Weekly Crypto Asset Inflows

This week marks the fourth consecutive week that recorded inflows to crypto-related investment products. The total amount invested during these four weeks is over $230 million.

The week of Jan. 23 recorded the most significant inflows since July 2022, with $117 million.

Total investment assets under management (AuM) have also reached $30.3 billion, which makes a 39% increase year-to-date.

Flows by provider and asset

BTC-related products collected a total of $68.5 million worth of investment last week, claiming first place in the rankings. Short BTC followed as a second with $8.2 million, while Ethereum (ETH) and Solana (SOL) came third and fourth with $700,000 and $500,000, respectively.

In terms of facilitators, ProShares is ranked first by collecting $37.4 million from investors last week. 3iQ and CoinShares Physical followed as second and third with $20.4 million, and $16.3 million, respectively.

The post Over $76M invested in crypto funds in past 7 days appeared first on CryptoSlate.

Read Entire Article
spot_img

Related Posts

Cardano Founder Celebrates Next Step To Reach ‘Global Scale’

Charles Hoskinson, the founder of Cardano, has expressed his enthusiasm for the formation of PRAGMA, a new independent open source association This initiative marks a pivotal move towards achieving

Vitalik Buterin Among Several High-Profile Names With Over $1 Million Locked in Bridges

Vitalik Buterin, co-founder of Ethereum, reportedly has over $1 million trapped in the Optimism bridge, a situation highlighted in a broader analysis by Arkham, which exposes numerous wallets with

Mauritania Central Bank Partners With Giesecke+Devrient to Develop a National CBDC

The Central Bank of Mauritania (CBM) has partnered with Giesecke+Devrient (G+D) to develop and launch a digital version of the national currency The Germany-based security technology firm is expected

Over 50% of pre-sold Solana memecoins abandoned within 1 month after $25 million raise

Solana memecoin pre-sales have rugged investors of over $25 million within the past month as more than 50% of the top projects were abandoned, with some never even launching a token Solana Co-Founder

Animoca Brands Japan Teams up With Square Enix to Market ‘Symbiogenesis’ and Its NFT Collection

Animoca Brands Japan, a subsidiary of Animoca Brands, has signed an Memorandum of Understanding with Square Enix to assist in the marketing of the upcoming game Symbiogenesis and its related NFT

How Read Write is Helping Players Choose Better Crypto Casino Sites

The emergence of crypto casinos gave players an efficient and alternative way to enjoy their favorite games of chance While this was cool at first, the growing popularity of cryptocurrencies has
- Advertisement -spot_img