Notably, the report also said that short-bitcoin funds – investment products that will rise in value as bitcoin’s price falls – saw inflows of USD 1m last week. The latest inflows mean that a total of USD 9m is now invested in short-bitcoin funds, according to CoinShares.
Meanwhile, the last week’s figure has been revised upwards from originally being reported as USD 193m due to reporting of “some late trades,” CoinShares wrote in this week’s report.
The report also said that a regional divide still exists among investors in crypto-backed funds, with a whopping 99% of inflows coming from Europe. Only USD 1.7m came from American investors, the report said.
Last week, 76% of the originally reported USD 193m worth of inflows came from Europe, while the Americans invested USD 45m.
The provider seeing the largest inflows last week was ETC Group, with USD 87.3m in capital coming in. Looking at total assets under management (AUM), Grayscale remains by far the most popular provider with USD 41.875bn under management.