A leading digital assets manager is finding that institutional investors are taking advantage of discounted crypto prices in light of the FTX-fueled market crash.
In its latest Digital Asset Fund Flows Weekly report, CoinShares says digital asset investment products had their highest inflows in 14 weeks.
“Digital asset investment products saw the largest inflows for 14 weeks totaling $42 million.
The inflows began later in the week on the back of extreme price weakness prompted by the FTX/Alameda collapse.”
Source: CoinShares
Bitcoin (BTC) investment vehicles enjoyed the lion’s share of inflowing capital, gaining $19 million last week.
“Bitcoin was the primary focus with inflows totaling $19 million, the largest since early August this year. However, short-bitcoin investment products also saw inflows totaling $12.6 million.”
CoinShares observed inflows from all regions, especially the US, Brazil and Canada.
“Switzerland was the outlier, seeing minor outflows totaling $4.
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