BTC, ETH, SOL, XRP comb staggering weekly inflows and outflows figure

ambcrypto.com:

The cryptocurrency market continues to be the prime victim of different headwinds (regulations, war, et al) as prices decline. At press time, the crypto market suffered a fresh 5% correction as it stood at the $1.2 trillion mark. New investors remained skeptical to join this niche asset class given the bearish run.

In the recently released Digital Asset Fund Flows Weekly report, CoinShares revealed that digital assets witnessed inflows last week despite the bearish run. This inflow amounted to $100 million bringing the total assets under management (AuM) to $39.8 billion.

Source: CoinShares

James Butterfill in the Volume 83 report stated,

“Digital asset investment products saw inflows totalling $100m last week, despite crypto prices range trading. The flows bring total assets under management (AuM) to $39.8bn.”

Geographically speaking, Americans maintained an optimistic narrative as compared to European holders. America totaled $88 million in last week’s fund flows in digital asset investment products. On the other hand, European flows totaled just $11 million. Ergo, European investors have been more bearish in 2022.

Moving on to specific coins, Bitcoin clearly dominated this race as signified in the table below. Bitcoin saw inflows totaling $126 million last week, bringing total inflows year-to-date to just past the half a billion mark at $506 million.

Source: CoinShares

Fair to say the top crypto asset by market cap witnessed significant demand from investors/institutions regardless of price corrections. In fact, short Bitcoin saw inflows too, totaling $1.3 million last week.

Interestingly, despite the record, assets favoring long Bitcoin still far outweigh short Bitcoin products. The $55 million in short products is 30% of the