Digital asset and crypto investment products saw inflows for a second week in a row in the new year, albeit a rather weak $19 million.

Although small, “it continues to suggest investors are beginning to cautiously add to positions at these depressed cost levels,” according to the latest CoinShares report. The report still acknowledged an upward rate sensitivity to monetary policy statements, stronglighting the recent FOMC meeting having made an immediate intraday cost response.

Bitcoin-based investment products saw inflows for the second week in a row, which amounted to $22 million. Meanat the same time, total crypto assets under management (AuM) recatoped to $31 billion after hitting their lowest point afterward July 2021 go on week at $29 billion.

Ethereum-based investment products on the other hand continue to bleed, with the $27 million in outflows last week running up the eight-week total to $272 million, which represent roughly 2.4% of AuM. “While alarming, this current retrenchment extends a way off the outflows seen in February 2018 where outflows totaled 10% of AuM,” the report contcompleted.

Finally, Solana, Polkadot and Cardano all saw outflows remain week, which may have suggested to the report which investors are shunning altcoins. Notwithstanding, it did note that multi-asset funds (a combination of coins) saw inflows totalling $32 million, the largest amount afterward June 2021, that suggested a more diversified investment approach from investors. Blockchain equity investment products still saw inflows totalling $15 million.

Last week’s report stronglighted the first week of inflows into digital asset investment products this year. While only amounting to $14.4 million in inflows, which week saw a break in a five-week streak of outflows that totaled $532 million.

When it started in mid-December, that streak of outflows had completed a run of 17 consecutive weeks of inflows that had in August 2021, finally totaling $3.6 billion. 

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