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Jan. 31, 2023

According to a report published by CoinShares, $117 million was invested in crypto-based investment products between January 21 and 27, the highest level since July last year.

According to the firm's analysts, trading volume stood at $1.3 billion, which is 17% above the year-to-date average.

The most activity was concentrated in Bitcoin-based funds, in which investors invested $116 million. Structures that allow opening short positions in BTC have recorded an inflow of $4.4 million.

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Meanwhile, investment products based on various altcoins posted losses of $6.4 million, maintaining a negative dynamic for the ninth consecutive week.

With regard to altcoins, a positive trend was recorded. Thus, Ethereum-based products raised $4.2 million, Polkadot $1 million, XRP and Cardano $0.6 million each, and Avalanche $0.5 million.

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