Crypto Investment Booms: $117 Million Inflows Push AUM to $2.8 Billion

• Digital asset investment products saw inflows of about $117 million last week, the biggest since July 2022.
• Bitcoin accounted for nearly $116 million of the total digital assets products inflows.
• Total assets under management (AUM) rose $28 billion, roughly 43% from inflow lows recorded in November.

Cryptocurrency investment products saw a massive surge in funding last week, with inflows totaling $117 million, the largest since July of 2022. Bitcoin dominated the inflows, accounting for almost the entirety of the total at $116 million. This surge in investment has pushed the total assets under management (AUM) to over $2.8 billion, a 43% increase from the lows experienced in November.

The surge in Bitcoin investment was further highlighted by the inflow of $4.4 million into short Bitcoin products as the price of Bitcoin rose above $23,000. Ethereum and Solana both saw inflows of $2.3 million and $1.1 million respectively. Binance and XRP, however, both saw outflows of around $400,000 and $200,000 respectively.

On the other hand, multi-asset investment products saw a ninth consecutive week of outflows, with the total amounting to $6.4 million. This marks a stark contrast to the inflows seen across the board in the cryptocurrency industry.

Overall, the surge in inflows is a positive sign for the cryptocurrency industry and shows that investors are increasingly willing to put their money into the industry. The rising AUM is also a reflection of the increasing institutional interest in the space. With the increasing use cases for cryptocurrencies, the outlook for the industry remains bright.