Demand for crypto asset investment products continues to grow. According to CoinShares data, the investment products have raised a total of $5.7 billion since the beginning of the year, with a net inflow of $598 million last week. This is 55% of the record high set in 2021.
The amount of assets under management (AuM) of management companies also reached $68.3 billion after recent inflows.
On a regional basis, the US maintained its dominant position in the market with net inflows close to 610 million dollars. Brazil and Switzerland followed the US. A low trade volume was observed in the European Region. Canada and Sweden recorded outflows of $18 million and $8 million, respectively.
Points of Interest:
-Demand for crypto asset investment products has been increasing for the 4th week.
-Since the beginning of the year, a total of 5.7 billion dollars of fund inflows have been realized.
-The amount of assets under management reached $68.3 billion.
-The US dominates crypto asset investment products.
-There is a low trade volume in the European Region.
-Analysts’ Opinion:
Analysts note that the growing interest in cryptoasset investment products indicates that investors’ confidence in this asset class is growing. Recent rises in the prices of leading cryptocurrencies such as Bitcoin and Ethereum are also thought to have played a role in this increased interest.
