Inflows into digital asset investment products reached $12m last week, marking a strong improvement from the net outflows recorded the week before. Total assets under management (AuM) in crypto investment funds has now reached $25bn.
The $12m of inflows into investment products backed by digital assets was made up largely by inflows into regular bitcoin (BTC) funds, as well as short-bitcoin funds that rise in value as bitcoin’s price falls, new data from the crypto research and investment firm CoinShares showed.
For bitcoin-backed funds, the inflows for the week reached $8.8m, while short-bitcoin funds saw $6.7m of inflows. Coming in as the third most popular digital asset fund category were to so-called multi-asset funds, which are backed by two or more digital assets. This category saw inflows of $0.4m.
Worth noting is that the numbers mark the fifth consecutive week of inflows into bitcoin-backed funds, although some of the effect is being countered by inflows into short-bitcoin...
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