Coin shares shows reports and data which prove that more investors are seeing multi-crypto asset investments as safer options for investment during periods of volatility.
Coinshares Digital Asset Fund Flows
Coinshares team published a report yesterday titled ‘Volume 81: Digital Asset Fund Flows Weekly’. The report showed the cumulative amount of money in US dollars which investors are making in digital assets, as well as the total assets under management according to data from assets and fund managers such as Grayscale, ProShares, ETC Group, etc and the Coinshares group. The report highlights that digital asset investment products saw outflows amounting to $141m in the past week.
The report highlighted that the general impression of investors in the market is largely bearish due to the volatility and has led to more of them being fickle. However, some investors are seeing the volatility as an opportunity to become stronger in long-term digital asset investing.
“The ongoing volatility has led to fickle investors with some seeing this as an opportunity while the aggregate sentiment is predominantly bearish.” The Coinshares report stated.
According to the data, digital asset funds outflows amounting to US$154m were seen in the Americas while Europe saw inflows totalling US$12.4m. The total assets under management (AuM) are now at US$38bn, which is their lowest point since July 2021.
The Coinshares report showed data that proved Bitcoin was again the primary focus with a swing from inflows the previous week to outflows amounting to US$154m last week. As shown in the data table, Bitcoin’s year-to-date flows totals $307m and its month-to-date flows total $187m which shows that the flows have remained positive despite market volatility.
Findings Stated in Coinshares Report.
The report finalized that Multi-asset (multi-crypto) investment products remain the most dominant with inflows totalling US$9.7m last week. Inflows year-to-date represent 5.3% (US$185m) of Assets under Management (AuM).
“The investment products have seen only two weeks of outflows this year, much lower relative to its peers. We believe investors see multi-asset investments products as safer relative to single-line investment products during volatile periods.”
The report highlights that minor inflows were seen across a broad selection of altcoins, the most notable ones were Cardano and Polkadot with inflows totaling US$1m each.
Also blockchain equity investment products saw outflows that amounted to US$20m, suffering in line with the broad sell-off in equities.
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