Digital asset fund AUMs hit record high of $188 billion

Digital asset investment products saw their 12th consecutive week of inflows as investors poured over $1 billion in the last seven days.

Total assets under management in crypto products across different regions hit an all-time high of $188 billion last week, an increase of almost $19 billion since the start of the year.

“Regionally, the United States led with $1 billion in inflows, while Germany and Switzerland followed with $38.5 million and $33.7 million, respectively. In contrast, sentiment remained weak in Canada and Brazil, which saw outflows of $29.3 million and $9.7 million, respectively,” according to a report by CoinShares.

“Bitcoin investment products saw inflows of $790 million last week, marking a slowdown from the previous three weeks, which averaged $1.5 billion. The moderation in inflows suggests that investors are becoming more cautious as Bitcoin approaches its all-time high price levels,” the report said.

The global crypto market cap currently stands at around $3.3 trillion.

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