Crypto Market Sees Record Inflows as AUM Rises to $2.8 Billion

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

Last week saw a significant influx of money into digital asset investment products, with over $117 million entering the market. This was the largest inflow since July of 2022, and almost all of the money was directed towards Bitcoin. As a result, the total assets under management (AUM) rose by $28 billion, representing a 43% increase from the lows recorded in November.

The Bitcoin market saw a large portion of the inflows, with nearly $116 million entering the market, pushing the overall market to over $2.8 billion. Short Bitcoin products also saw a notable influx of money, with $4.4 million being invested in the asset. Ethereum and Solana also saw inflows of $2.3 million and $1.1 million respectively.

Multi-asset investment products, however, experienced a ninth consecutive week of outflows, with $6.4 million leaving the market. Binance and XRP also saw outflows of around $400,000 and $200,000 respectively.

The surge in investment into digital asset products is a testament to the growing confidence and interest in the cryptocurrency market. This confidence is likely to grow as the market continues to expand, and more people become interested in investing in digital assets. With the total assets under management now standing at over $2.8 billion, it is clear that the cryptocurrency market has a bright future ahead of it.