Crypto Investors Capitalize on Hammered Digital Asset Prices to Deploy Capital into Blockchain Token-Based Funds

According to a CoinShares report, $441 million in net inflows streamed in digital asset investment vehicles last week following a widespread market downturn

Crypto investors are deploying capital into blockchain token-based funds en masse as hammered digital asset prices continue to present opportunities.

According to a CoinShares report, digital asset investment vehicles saw a net total of $441 million in inflows last week amid a broader market downturn and subsequent recovery.

American investors led the charge into digital asset investment products on Wall Street, where outflows from the年初 reached $556 million. But relative to the prior week’s outflows of $181 million, outflows slowed down.

“The lower prices appeared to have prompted American investors to deploy capital into digital asset investment products, which saw inflows of $384 million,” the report said, adding that other regions also saw modest capital inflows, including Hong Kong, Switzerland and Canada.

Bitcoin led the pack and comprised 90% of all inflows, but investors also diversified money into altcoins. Among digital asset investment products, bitcoin saw inflows of $397 million, while altcoins recorded inflows of $33 million.

Crypto dip extends

The virtual currency industry experienced negative sentiment as the overall market lost over 9% of its value last Monday and fell to $2 trillion. Market leaders BTC and ETH also dropped to two-month lows.

BTC fell below $4,000 on Mt. Gox fears and German sell pressure before rebounding above $58,000, while ETH slipped under $3,000. Last Sunday, TradingView showed that the altcoin market cap dipped as much as 15%, and altcoins have generally declined up to 80% since before Bitcoin’s halving.

Data noted a 4% bounce on Monday as traders piled into opportunities for larger gains, but bearish marketwide sentiment persisted, and cryptocurrencies recorded losses again. The crypto “fear & greed” is now at 28, marking its lowest level since last September.

While the total digital asset market cap rose nearly 3% before falling again due to volatility and Bitcoin FUD, blockchain equities continued in a downswing. Butterfill wrote that shares from mining entities and other web3 companies have now had $556 million in outflows since the年初.

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