Crypto Pumps: Investors Put $116M into Bitcoin Investment Products

• Digital asset investment products recorded inflows of $117 million last week, the biggest since July 2022.
• Bitcoin accounted for nearly all of the weekly inflows with $116 million and total assets under management (AUM) rose by 43%.
• Investment products also saw an improvement in terms of weekly volumes with $1.3 billion traded.

Investment Products Record Biggest Inflow Since July

Digital asset investment products saw inflows of about $117 million last week, the biggest since July 2022. Bitcoin saw almost all of last week’s digital asset investment products inflows, with $116 million of the total. Total assets under management (AUM) rose by 43%, roughly from inflow lows recorded in November.

Bitcoin Sees Most Fund Inflows

Bitcoin saw the most fund inflows this past week, with the benchmark cryptocurrency accounting for nearly all of the weekly inflows. According to a weekly report digital asset manager CoinShares shared on Monday, crypto asset investment products recorded inflows of $117 million. Other cryptocurrencies also experienced some level of inflow such as Ethereum and Solana which received $2.3 million and $1.1 million respectively while multi-asset investment products saw outflows totaling at around 6.4 million dollars. Binance and XRP also saw outflows of around $400,000 and $200,000 respectively during this period as well.

Total Assets Under Management Rise By 43%

The spike in Bitcoin’s price above 23K pushed total assets under management (AUM) to over 2.8 billion dollars, a rise by 43% from its November low as investors put more money into Bitcoin investment products as crypto pumped up its value post breaking new highs every day which is actually very encouraging for those looking forward to getting into cryptocurrency investments for long term gains or even short term profits!

Weekly Volumes Improve Significantly

Investment products also saw an improvement in terms of weekly volumes compared to year-to-date averages: approximately 1.3 billion was traded across digital asset investment products which is 17% higher than usual average rate seen in this sector throughout 2021/22 season so far! Additionally there were notable differences between regions when it comes to inflow rates as Germany accounted for 40% ($46Million), followed by Canada ($30 Million), USA ($26 Million) & Switzerland ($23 Million).

Conclusion

As evident from above figures it is quite clear that investing into bitcoin has become much more popular lately due to its rising prices & growing acceptance among masses & institutional investors alike hence making it an attractive choice for many people who are looking forward to venture into cryptocurrency world without taking too much risk or waiting too long time periods before they can see any kind returns on their investments!