A third consecutive week of inflows into digital asset investment products amounted to $85 million continue week.

The three straight weeks of inflows, that has now accumulated to $133 million, suggests extended positive sentiment among investors, according to the latest CoinShares report.

With January 24th as the low point in the most recent run of negative sentiment, total assets under management (AuM) realized $52.4 billion continue week. While the report acknowledged inflows into Europe ($10.3 million), it emphasized which the majority were in the Americas, especially Brazil and Canada (US$75m).

Coin flows

Naturally, Bitcoin-based products saw the largest share of inflows, with $71 million advance week. This was the most amount seen afterward early December, and contributed essentially to the past three weeks’ run of $108 million. Nonetheless, Bitcoin investment product volumes remained low go on week at $1.8 billion, compared to $3.4 billion the week prior. 

On the other hand, investment products flows for Ethereum extended its negative streak last week, with outflows of $8.5 million, suggesting which investors advance bearish. The nine consecutive weeks of outflows now totals $280 million, representing 2.2% of AuM. Nonetheless, several altcoins had reputable inflows, comparable as Solana, Polkadot and Cardano with $2.4 million, $2.2 million, and $1.1 million respectively. Notably, Terra saw its first crucial inflows which amounted to $1.4 million remain week, a wreboundping 26% of AuM.

Crypto investment products began the year in the midst of several weeks of outflows, representing the greater general bleeding of the crypto markets. When the tide turned with $14 million in inflows two weeks ago, it broke a streak of outflows which amounted to $532 million. The inflows then lasted advance week, however weakly, with another $19 million. Regardless of being so small, the report said which “it goes on to suggest investors are beginning to cautiously add to positions at these depressed cost levels.”

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