CoinShares News

Digital asset product inflows were dominated by the $51.4 million posted by short BTC funds last week, with ETH products generating the next highest figure at just $4.9 million.

CoinShares previously agreed to acquire the entire issued share capital in Napoleon Crypto SAS for $14.5 million in November 2021.

CoinShares CSO Meltem Demirors finds crypto infrastructure and developer tools more interesting than Web3 and the money aspect of crypto during the current bear market.

Canadian investors represented a hefty $487.5 million worth of outflows for crypto investment products, with the figure partially offset by $70 million worth of inflows from five other countries.

Meltem Demirors sat down with Cointelegraph to express why the industry needs to focus on privacy and freedom when it comes to regulations.

“What has pushed Bitcoin into a ‘crypto winter’ over the last six months can by and large be explained as a direct result of an increasingly hawkish rhetoric from the US Federal Reserve,” CoinShares wrote.

Bitcoin investment funds are seeing positive inflows while Ether funds continue to be drained, according to industry data.

“It is difficult to ascertain the precise reason for this other than the hawkish rhetoric from the US Federal Reserve and the recent price decline,” CoinShares wrote.

Nearly $170 million left Ethereum-based investment funds in 2022, signaling a drop in institutional demand.

Analysis from CoinShares shows investors favored smaller altcoins last week as capital outflows for Ethereum hit $17 million.

The data from CoinShares shows a weekly inflow of $193 million, with more than half of that figure going to Bitcoin alone. Solana is also getting attention and broke a record in the process.

CoinShares FTX Physical Staked Solana will be listed on Germany’s major digital market Xetra and is the fourth ETP rolled out by CoinShares this year.

Capital flowed into BTC funds for a seventh consecutive week, while ETH products registered their largest gain in 13 weeks.

But despite the strong rebound, AVAX remains trapped inside a broader falling range.

CoinShares noted that despite “price weakness and perceived negative impact from the looming conflict in Eastern Europe,” digital asset investment products saw inflows totaling $109 last week.