We do the research, you get the alpha!
3/ Total investment assets under management (AuM) have risen 39% year-to-date and are now US$30.3bn, the highest since mid-August 2022. pic.twitter.com/Gx4yMauFZh
— CoinShares (@CoinSharesCo) February 6, 2023
$63,136.00
6.62%$3,108.97
4.48%$7.18
1.86%$584.95
4.27%$144.71
5.46%$1.001
0.09%$0.529102
1.68%$3,106.22
4.52%$0.150895
13.74%$5.75
7.67%$0.467421
3.62%$0.00002481
8.66%$35.51
5.62%$0.123061
0.83%$63,110.00
6.56%$465.58
6.82%$14.21
5.24%$6.86
10.32%$0.72679
1.35%$13.33
0.05%$81.92
2.79%$7.53
7.40%$2.17
8.39%$5.83
-0.92%$26.95
4.98%$0.110712
4.95%$9.11
2.04%$1.001
0.12%$0.00000872
14.29%$0.133294
2.87%$2.41
16.57%$8.77
1.26%$1.04
6.27%$6.08
3.38%$3.32
19.92%$8.47
9.83%$2.23
0.13%$0.110942
1.10%$3.11
2.79%$2.94
2.19%$50.85
4.99%$3,052.76
4.36%$437.21
9.69%$1.064
3.99%$3,218.18
4.59%$2,916.51
6.29%$0.03686311
5.05%$0.281715
12.83%$0.111712
7.09%$1.089
-0.36%$35.14
1.06%$1.00
0.12%$122.88
0.16%$24.55
5.47%$2.18
6.73%$0.696744
4.07%$0.00002872
9.83%$0.00019413
18.10%$2.08
1.13%$10.08
1.95%$2.06
4.23%$5.31
7.92%$3,434.77
4.64%$1.16
2.98%$0.04529055
6.09%$0.56171
5.54%$0.190978
4.71%$104.82
2.81%$3,183.92
4.51%$1.072
6.49%$10.01
0.61%$0.758327
7.68%$0.900544
4.07%$0.02487591
1.99%$88.08
3.73%$65.41
11.17%$0.00000125
4.62%$2.16
2.03%$0.031093
2.31%$3,102.13
4.64%$0.844459
5.90%$0.02354334
2.01%$0.825496
4.21%$16.64
4.78%$1.22
5.64%$0.891637
9.05%$41.30
3.87%$7.44
1.83%$8.00
4.79%$0.119266
2.14%$5.12
8.30%$4.33
5.70%$0.448129
3.61%$0.00005117
10.69%$12.35
8.35%$10.25
3.76%$1.35
2.96%$0.967087
3.41%$0.822121
1.21%$2.84
6.15%$0.845871
4.99%$0.226595
3.77%$171.07
5.27%$0.01834219
8.50%$5.38
-2.30%$15.53
2.34%$2.74
2.66%$40.86
13.59%$1.29
6.20%$0.446055
3.66%$0.01892776
21.81%$3,110.18
4.56%$0.534347
3.61%$308.06
3.42%$1.24
2.83%$1.82
2.04%$0.712082
9.69%$19.02
16.91%$0.01078403
13.84%$12.96
1.57%$0.227756
4.09%$0.681152
2.58%$0.997016
-0.09%$1.29
2.88%$0.107668
6.80%$2.68
5.54%$170.63
5.37%$0.183269
4.51%$37.86
28.65%$3,274.61
4.38%$2.16
2.13%$0.999509
0.08%$0.096094
4.93%$0.407757
1.54%$0.777892
19.19%$3,102.39
4.60%$0.00010774
4.89%$97.02
6.34%$0.627028
13.64%$1.97
0.95%$1.67
0.78%$0.00000028
10.56%$0.908647
7.66%$0.87922
3.37%$3,320.83
4.54%$2,307.26
0.24%$1.27
8.99%$0.097795
3.98%$0.2953
5.33%$3.28
1.78%$0.329345
3.92%$0.05714
6.01%$0.39369
6.60%$0.438099
3.44%$1.001
0.10%$0.03613699
3.17%$0.00145669
2.58%$0.04954791
5.04%$3,360.64
4.57%$5.06
10.39%$1.17
10.36%$2.24
17.68%$15.62
5.35%$4.89
-1.67%$0.04598776
6.19%$0.00000047
0.55%$4.01
8.92%$0.458048
3.79%$1.79
4.80%$0.02610336
8.74%$3.66
3.51%$0.384871
4.68%$0.02434287
3.71%$0.307245
2.66%$0.00785751
1.81%$21.67
8.22%$0.226144
3.06%$0.00246041
4.37%$0.00489519
28.81%$0.809402
4.40%$1.65
6.79%$13.46
6.33%$0.939308
4.06%$2,289.80
-0.02%$0.03044706
4.86%$0.488563
3.03%$3.83
5.54%$0.597662
4.03%$0.00715057
0.50%$0.078247
5.37%$58.74
2.49%$0.383517
7.40%$0.549228
1.69%$3.74
5.18%$3.72
5.71%$0.839852
0.93%$3,190.40
4.42%$1.61
-11.91%$1,267.05
6.50%$0.918602
6.08%$0.248447
3.34%$0.04309617
26.61%$46.61
50.73%$3.66
27.46%$0.465908
4.36%$0.02961525
1.51%$0.03654079
4.87%$29.58
2.15%$61.82
5.44%$33.53
3.58%$22.91
2.05%$62.46
4.42%$0.03828331
3.73%$21.45
3.31%$4.34
4.31%$0.695886
2.13%$5.09
4.21%$0.429061
5.43%$1.00
0.21%$0.03254617
1.66%$0.256132
5.62%$3.32
3.12%$0.353877
5.42%$0.00627766
9.33%$0.737046
3.72%$7.89
4.68%$44.44
7.96%$3.40
3.56%$0.88607
3.79%$0.830575
6.12%$0.112511
7.50%$0.43376
18.21%$0.427897
3.29%$3.46
9.58%$0.00370448
12.27%$2.00
9.27%$2.01
0.79%$0.02302188
17.64%$0.318308
12.95%$3.89
9.66%$0.00
2.31%$2.39
5.43%$3,260.93
4.45%$29.69
0.85%$66.18
7.11%$40.54
5.72%$0.305314
5.77%$0.155484
8.08%Investors are feeling more optimistic about the digital asset market now and are plugging more cash into crypto funds than previously, according to a Monday report.
CoinShares said Monday that inflows of $76 million last week flowed into funds—the fourth consecutive week of such movements. The money is flowing into funds such as Grayscale, 3iQ, and 21 Shares—products available to accredited investors.
This is different to the end of last year and the start of 2023, when investors were pulling money out of exchange-traded products and similar crypto investment vehicles, mainly down to a brutal bear market compounded by the collapse of exchange FTX in November.
CoinShares now says that there has been a “divisive change in investor sentiment from the beginning of 2023.”
Total investment assets under management are up 39% from this time last year and now stand at $30.3 billion—the highest August 2022.
The firm added in its report that investors are mostly eyeing up the biggest digital asset: “Bitcoin continues to be the primary investor focus, with inflows totalling US$69m, representing 90% of the total flows for the week,” CoinShares said.
3/ Total investment assets under management (AuM) have risen 39% year-to-date and are now US$30.3bn, the highest since mid-August 2022. pic.twitter.com/Gx4yMauFZh
— CoinShares (@CoinSharesCo) February 6, 2023
Head of Research at CoinShares James Butterfill told Decrypt that “the softening monetary policy stance from the U.S. and the weakening dollar are the main reasons for the improving sentiment.”
The U.S. Federal Reserve aggressively upped interest rates last year to get 40-year-high inflation under control. It’s still raising interest rates—but the central bank has eased up in its approach. Last year, the Fed hiked interest rates by 75 basis points four times; in December, the central bank raised rates by only 50 basis points, and then again by 25 basis points just last week.
Traders are now eagerly awaiting to see if Federal Reserve Chairman Jerome Powell will give anything away about the bank’s next moves when he speaks at the Economic Club of Washington, D.C. tomorrow.
U.S. equities are down today, and Bitcoin and crypto have followed: the largest digital asset by market cap is right now trading for $23,000, according to CoinGecko—a 0.3% 24-hour drop.