Investors Pump Money Into Crypto Funds Amid Pickup in Market Sentiment

Bitcoin dominated this week's inflows, accounting for almost all of the $117 million coming in.

AccessTimeIconJan 30, 2023 at 3:04 p.m. UTC
Updated Jan 30, 2023 at 4:05 p.m. UTC

Digital-asset investment products saw $117 million in inflows last week, the largest amount in six months, according to data from CoinShares.

Investors pumped money mainly into bitcoin (BTC)-related funds, which accounted for $116 million worth of the inflows. This comes as the world’s largest cryptocurrency has been on an upward trajectory since the start of the year, gaining 40%.

As market sentiment has improved, digital investment product volume has increased, reaching $1.3 billion traded last week, up 17% compared with the year-to-date average.

Short-bitcoin products saw inflows of $4.4 million, which suggests opinion does remain polarized, according to CoinShares.

Multi-asset investment products saw outflows for the ninth consecutive week, with outflows of $6.4 million. “This suggests investors are preferring select investments. This was evident in alts such as Solana, Cardano and Polygon while Bitcoin Cash, Stellar and Uniswap all saw minor outflows,” the report read.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Lyllah Ledesma

Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.