Digital asset trading and investment company Coinshares has reported, in January 2023, its largest inflows since July 2022.
The crypto exchange announced that its total amount of assets under management increased by 43 per cent. In November 2022, the company reported its lowest values.
According to Coinshares, during mid-January 2023, approximately USD 117 million were poured into inflows for virtual asset investment products. Of this sum, USD 116 million were made via Bitcoin. Comparing to November 2022, the value of Coinshares’ total assets under management, as of end of January 2023, rose to USD 28 billion. This represents a 43 per cent growth.
For the 9th successive week, the outflows of multiple asset investment products totalled USD 6.4 million. The latest data showcase that investors have a preference for hand-picked investments, according to Coinshares.
In a recent survey conducted by the company, 60 per cent of participants declared a belief in the more compelling growth potential of Ether over Bitcoin. Only 30 per cent of respondents believe that BTC has the most engrossing growth outlook.
Among the survey respondents there were 43 investors who have a total worth of assets reaching USD 390 billion.
