Crypto Products Receive $230M in Funds in 2023

$76 million was received in cryptocurrency-based investment products from January 28 to February 3. According to CoinShares analysts, the positive dynamics continued for the fourth week in a row, since the beginning of the year, the inflow has reached $230 million.

Given the positive revaluation of digital assets, assets under management has jumped 39% since the beginning of the year, to $30.3 billion, the highest since mid-August 2022.

The greatest activity remained in Bitcoin funds: investors invested $68.5 million in this type of product.

Structures that allow users to open shorts on BTC recorded an inflow of $8.2 million. Over the past three weeks, they have attracted $38 million – 26% of the total assets under management.