Ethereum has finally broken its 9-week spell of outflows with inflows totaling USD 21 million says the weekly CoinShares report. It represents around 28% of the total inflow into crypto investment products for the week ending February 11.
The report said that the total inflow for the past four weeks has been $209 million, but it’s just a fraction of the amount of capital. It went into institutional crypto-asset funds in Q4, 2021. Bitcoin had inflows totaling USD 25 million last week. It marked a 4-week run of inflows. The aforementioned regional variances focus on bitcoin.
Multi-asset (coin) investment products, as per the report, are popular. Last week, the inflows totaled USD 19 million, with popular altcoins Solana and Ripple seeing inflows totaling USD 3.1 million and USD 2 million respectively.
Moreover, altcoin investment products – Terra, Tezos, and Cosmos recorded inflows totaling USD 2.2 million, USD 0.9 million, and USD0.6 million, respectively. The blockchain equity investment products witnessed the largest flows since mid-December. Inflows totaled USD 69 million.
Overall, the digital asset investment products had inflows totaling USD 75 million, with the last four-week run of inflows totaling around USD 209 million. It represented 0.4% of the total assets under management (AUM).
CoinShares report states that the inflows remain relatively minor in comparison to the inflows observed in Q4 of 2021. Furthermore, there are some regional variances with USD 5.5 million outflows in the Americas and USD 80.7 million of inflows into the European investment products.