and other alts posted minor gains, the value of Aum closed the trading week at $37 billion, its highest since June 2022.The report confirmed further that trading activity in digital asset investment products in the just concluded week remained high, with a weekly volume of $2.3 billion. This trading volume was above the year-to-date average of $1.5 billion, indicating that increased buying and selling of digital assets within these investment products occurred last week.
This inflow brought the leading coin’s YTD inflows to $158 million, with an AuM of $25 billion. According to the report, “Bitcoin investment products are now back to a net inflow year-to-date, having been in a net outflow position of US$171m just 2 weeks ago.” On the other hand, short-bitcoin investment products saw an outflow of $900,000 last week, representing ten weeks of consecutive outflows. According to CoinShares, this accounted for 59% of investment products’ AuM. However:
“Despite this recent bearishness for short-bitcoin, it remains the second best-performing asset in terms of inflows year-to-date at US$60mPer CoinShares, investors showed some interest in altcoins during the period under review, with minor outflows of $2.7m into Ethereum investment products.