The amount of capital inflows into digital asset investment products totaled $ 30 million last week. In the week before last, the amount was $ 343 million. This is shown by the data of the new report from CoinShares.
According to the CoinShares report, the $343 million is to the largest positive weekly crypto asset capital inflow since November 2021.
According to CoinShares, the total capital inflow since the beginning of the month totaled a total of $ 394 million. The total value of the managed crypto assets, at $ 30 billion, is also again at the level of the beginning of June 2022.
Crypto: Bitcoin and Altcoins under the microscope
The inflow of capital into Bitcoin totaled $ 19 million last week, while a total of $ 206 million flowed into Bitcoin the week before last. This was the largest capital inflow in BTC since May 2022.
With last week’s inflow, the capital inflow this month totaled $221.5 million. Currently, the net capital inflow in Bitcoin this year is a total of 241.3 million US dollars.
The share of Bitcoin in the net inflow of all crypto assets is currently 58%. In total, this year there was a net inflow into crypto assets in the amount of $ 415 million.
Furthermore, investors also bought Bitcoin short products worth $0.6 million last week. However, the value of managed Bitcoin short products has dropped from $145 million to $133 million since the high point of July13, 2022. The reason for this is the recent rise in the Bitcoin price.
The capital inflows at Ethereum amounted to $ 8.1 million last week. In the week before last, there were capital inflows in ETH in the amount of $ 120 million.
According to the report, like Bitcoin, this was the largest weekly capital inflow since June 2021. The authors of the report stated that this “a turning point in the market after 11 weeks with capital outflows” and that the upcoming Ethereum merge led to a return of investor interest.
Since the beginning of the month, a total of 137 million US dollars have flowed into ETH. The share of Ethereum in the net inflow of all crypto assets has thus been around 35% since the beginning of the month.
Coinshares: Swiss love cryptocurrencies
According to the report by CoinShares, most of the inflows of capital in recent weeks have come from Switzerland.
For example, 16 million US dollars of the total of 30 million US dollars last week came from Switzerland. In the week before last, there was a Swiss capital inflow of a total of 356 million US dollars.
Since the beginning of the year, the capital inflow from the Alpine country totaled 577 million US dollars. CoinShares wrote, that Switzerland remains a “popular region for investors in digital investments”. For comparison, last week there were capital inflows from Germany in the amount of $ 8 million, while capital inflows from the USA amounted to $ 9 million.
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