The biggest gainers of 2022 were Bitcoin ( BTC) and multi-asset investment products, with inflows amounting to $287 million and $209 million, respectively. James Butterfill, researcher at CoinShares, noted in the weekly report: “In a year where bitcoin prices fell by 63%, a clear bear market precipitated by irrational exuberance and an overly hawkish FED, it is encouraging to see investors on the whole still choosing to invest.” Investors’ appetite for digital assets seems not to have been fully affected by the crypto winter, but otherwise encouraged investments in crypto assets in a year marked by a price decline and the collapse of many industry players. Multi-asset (multi-crypto) investment products saw inflows totaling $4.4 million and are described as the least affected by recent negative sentiment with minor outflows in only 2 weeks of this year.Digital-asset funds saw inflows totaling $433 million during 2022, the lowest level since 2018, when inflows in the crypto industry reached $233 million, according to the cryptocurrency investment firm CoinShares.
Small inflows were also reported into long investment products in regions other than the US such as Brazil, Canada, Germany and Switzerland totaling $20 million. Coinshares packaged the popularity of the short Bitcoin product as “due to first-time accessibility in the US rather than renewed negative sentiment.”īITI traded more than 870,000 shares, or $35 million of value, on its second day of trading.īitcoin experienced little interest as just $600,000 was dedicated to the most popular crypto.Įthereum was more popular experiencing the second week of inflows totaling $5m last week, breaking the 11-week trend of outflows.Ī range of altcoins saw inflows including Solana, Polkadot, and Cardano totaling $1 million, $700,000, and $600,000 respectively. Coinshares reports that digital asset inflows totaled $64 million last week but a significant majority were into short-bitcoin investment products $51 million.
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