Aggregate Inflows into Digital Asset Investment Products Last Week Worth $346M

Digital asset fund management company CoinShares published its digital asset fund flow weekly report on November 27, noting that markets expectation of exchange-traded funds (ETF) in the United States influenced the largest rise in inflows since late 2021.

The report noted that aggregate inflows into digital asset investment products last week were valued at $346 million, representing the largest weekly inflows over the past nine consecutive weeks.

“The combination of price rises and inflows have now pushed up total assets under management (AuM) to US$45.3bn, the highest in over 1 & ½ years,” reads report. Bitcoin products recorded aggregate inflows worth $312 million in the week and $1.5 billion since the beginning of this year.

Short sellers are still capitulating while Ethereum recorded aggregate inflows worth $34 million. Solanas aggregate inflows were valued at $3.5 million, while Polkadot and Chainlink recorded inflows worth $800k and $600k respectively.

Ethereums aggregate inflows over the past four weeks are now $103 million, suggesting that sentiment has turned around. “ETP volumes as a percentage of total spot Bitcoin volumes remain well above average, representing 18% last week, highlighting the continued increased use of ETPs to gain exposure to the asset class,” reads the report.

In terms of region, Canada and Germany had the largest share of the aggregate inflows at 87 percent. The United States recorded inflows worth $30 million as participation from the nation continues to reduce, perhaps as investors wait for the ETF launch.