Crypto funds post first inflows in six weeks

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Net inflows into digital-asset investment products for January 15–21 amounted to $14.4 million. Data are from CoinShares’ report.

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A rebound in positive momentum followed a sharp fall in crypto prices, analysts noted.

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Assets under management declined to the lowest level since August 2021, at $51 billion. From the November peak of $86 billion, the figure fell 41%.

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Outflows from Ethereum-based funds continued, totaling $16 million.

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Inflows into the structures:

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• Bitcoin-based — $13.8 million;
• Binance Coin — $3.3 million;
• Polkadot — $1.5 million;
• Cardano — $1.5 million;
• Solana — $1.4 million.

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Multi-asset funds remained popular, with weekly inflows totaling $8 million.

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Earlier, UBS warned about the risks of an impending ‘apocalyptic crypto-winter’.

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