European Digital Asset Manager CoinShares Reports Record Weekly Inflows for Year Totaling $193M

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on March 28, 2022 that sentiment “recovers” with record digital asset weekly inflows for the year “totaling $193 million.”

Digital asset investment products “saw inflows totaling $193m last week, the largest since mid-December 2021.”

Following last week’s price recovery total assets under management (AUM) now “sit at $57 billion.”

Regionally, the majority (76%) of inflows “came from Europe at $147 million, while the Americas lagged at $45 million, with some providers continuing to see minor outflows.” The report from CoinShares also mentioned that the trading volumes “recovered to $2.5 billion for the whole of last week.”

As noted in the update, investors “focused on Bitcoin which saw inflows totaling $98 million last week, bringing year-to-date inflows to $162 million.”

As mentioned in the weekly report from CoinShares, Solana (SOL) “saw the largest single week of inflows on record totaling $87 million, representing 36% of AUM.”

The report further revealed that AUM now “sits at $241 million, making it the 5th largest investment product and the largest single altcoin other than Ethereum.”

As mentioned in the report, multi-asset investment products, which have been relatively popular, “saw outflows for only the second time this year, totaling $5.5 million last week.”

Most other altcoins “saw inflows last week, most notable were Cardano (ADA), Polkadot (DOT) and relative newcomer Cosmos (ATOM), with inflows of  $1.8 million, $1.2 million and $0.8 million respectively.”

The report also mentioned that blockchain equities “mirrored digital asset investment products, with inflows totaling $23 million last week.”

As covered last week, CoinShares reported that for the week ending March 18, 2022, there were outflows that continued “with $47 million, negative sentiment focused on North America.”

Digital asset investment products “saw outflows for the second consecutive week, totaling US$47m last week.”

The CoinShares team also mentioned that the same trend “continued with outflows predominantly coming from North American providers, with outflows comprising 98% while flows in Europe were broadly flat.”

CoinShares added that they believe the recent negative sentiment in North America “is due to continued jitters over regulation and geopolitical issues caused by the Ukrainian conflict.”


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