##  [# Digital Assets Saw Inflows of $114M Last Week](/sections/bitcoin-crypto/digital-assets-saw-inflows-114m-last-week) 

 

# Digital Assets Saw Inflows of $114M Last Week

 

 

The four-week run of inflows totals $345 million.



 

 

 

 

 [![JamesButterfill310x310](/sites/default/files/styles/author_image_icon/public/2023-08/JamesButterfill310x310.png?itok=uNqgiAyR)](/contributors/james-butterfill) 

[By James Butterfill](/contributors/james-butterfill)

 Apr 17, 2023

 Edited by: James Butterfill

 

 

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**Takeaways**

- Digital asset investment products saw inflows totalling US$114m last week, which is seeing continued improving sentiment for the asset class. This 4-week run of inflows now total US$345m.
- Bitcoin has again been almost the sole focus for investors, with inflows of US$104m.
- Despite the successful launch of Ethereum’s yield features (Shapella), only US$0.3m of inflows were seen last week.

![](https://www.etf.com/sites/default/files/2023-04/DASawInf114m_1.png)

![](https://www.etf.com/sites/default/files/2023-04/DASawInf114m_Table1.png)

![](https://www.etf.com/sites/default/files/2023-04/DASawInf114m_Table2.png)

Digital asset investment products saw inflows totalling US$114m last week, which is seeing continued improving sentiment for the asset class. This 4-week run of inflows now total US$345m, almost fully correcting the prior 6-week run of outflows that totalled US$408m. Regionally, inflows were seen across most geographies, but predominantly in the US and Germany with inflows of US$58m and US$35m respectively.

This improving sentiment comes at a time of very low volumes in the Bitcoin market, averaging just US$5.6bn per day compared to US$12bn for the full year.

Bitcoin has again been almost the sole focus for investors, with inflows of US$104m last week, bringing its total 4-week run to US$310m. We believe this is a flight to safety by investors fearful of the ongoing traditional finance challenges. Opinion remains divided though, with short bitcoin seeing inflows totalling US$14.6m last week.

Despite the successful launch of Ethereum’s yield features (Shapella), only US$0.3m of inflows were seen last week. Little activity in altcoins except Polygon, which saw US$2.1m of outflows last week.

Blockchain equities saw inflows of US$5.8m last week, recent price appreciation has pushed total assets under management to US$1.9bn, the highest since October 2022, pre-FTX.

![](https://www.etf.com/sites/default/files/2023-04/DASawInf114m_2.png)

![](https://www.etf.com/sites/default/files/2023-04/DASawInf114m_3.png)

![](https://www.etf.com/sites/default/files/2023-04/DASawInf114m_4.png)

![](https://www.etf.com/sites/default/files/2023-04/DASawInf114m_5.png)

![](https://www.etf.com/sites/default/files/2023-04/DASawInf114m_6.png)

![](https://www.etf.com/sites/default/files/2023-04/DASawInf114m_7.png)

*Contact James Butterfill at* [*research@coinshares.com*](mailto:research@coinshares.com "Follow link")



 

 

 [ James Butterfill Head of Research and Investment Strategy ](/contributors/james-butterfill) 

 

 

  James Butterfill has over 19 years of experience in fund management, investment banking, economics and asset allocation, gained most recently as an…   [View Bio](/contributors/james-butterfill)

 



 

 


 Related Topics  [Bitcoin](http://www.etf.com/topics/bitcoin) 

 [Crypto](http://www.etf.com/topics/cryptocurrency)