Did Bitcoin lead inflows with $19m- Decoding the details

ambcrypto.com:

Inflows into digital asset investment products totaled $30 million last week, while in the week before, inflows corrected from $12 million to $343 million, CoinShares found in a newly published report.

According to the report, with $343 million as inflows into digital asset investment products in the week before last, it represented the largest single week of inflows since November 2021.

Source: CoinShares

With $30 million reported as inflows into digital asset investment products last week, CoinShares noted that this brought the total inflows since the beginning of the month to $394 million and total assets under management (AuM) back to early June 2022 levels of $30bn.

Source: CoinShares

Last week, Bitcoin saw inflows totaling $19m, with the prior week of inflows to $206m. This represented the largest single week of inflows since May 2022 for the leading cryptocurrency.

Additionally, CoinShares noted that the performance in the last week brought the month-to-date inflows to  $221.5 million and the year-to-date inflows to $241.3m.

For context, Bitcoin’s YTD inflows represent 58% of the YTD total inflows of $415 million recorded by all assets considered by CoinShares in its report. 

Last week, Short-Bitcoin recorded inflows of $0.6 million. However, the asset’s AuM declined by 9% from its 13 July peak of $145 million to $133 million due to the positive price action for Bitcoin.

For Ethereum, however, CoinShares found that its total inflows in the last week amounted to $8.1 million. The leading altcoin recorded $120 million in inflows in the prior week.

According to the report, this represented the largest single week of inflows since June 2021 and “implied a turning point in sentiment after a recent 11-week run of outflows.”