CoinShares’ weekly cryptocurrency fund flow survey shows that total digital asset investment inflows reached $180 million last week.

The asset manager writes that the reporting of some late trades also pushed the previous week’s inflows up from $193 million to $244 million. The renewed inflow suggests that recent headwinds for digital assets, such as significant price weakness, have been viewed as buying opportunities for investors.

Year-to-date net flows have now reached $501 million, while total assets under management (AuM) have returned to $61 billion, the highest level since January 2022. Regionally, flows were unilateral, with 99% of flows coming from Europe. , while the Americas remained hesitant, seeing only $1.7 million in admissions.

Interestingly, Bitcoin recorded weekly inflows of $144 million. Overall, the main coin saw inflows of $350 million year-to-date, representing 0.9% of AuM. However, BTC inflows lag behind last year, where Bitcoin saw inflows totaling $3 billion in the first quarter, a particularly euphoric time for the crypto industry.

Europe’s largest digital asset investment firm said Ethereum investment products saw minor inflows of $23 million. The second-largest cryptocurrency by market capitalization took the biggest hit so far in 2022, with a YTD outflow of $111 million. This contrasts with the first quarter of 2021 where we saw inflows totaling $705 million.

Altcoin investments are recovering

Breaking down the latest statistics, Coinshares said that decent outflows have been seen across most altcoin investment products. Solana and Cardano were the top performers with inflows of $8.2 million and $1.8 million respectively. Solana is now the 3rd best performing investment product with inflows year-to-date totaling $103 million.

CoinShares made headlines last month after buying an additional 20% stake in digital bank FlowBank, which is licensed by the Swiss Financial Market Supervisory Authority.

Founded by former LCG CEO Charles-Henri Sabet, FlowBank promises to facilitate the online trading and banking experience with a software platform that allows customers to invest in different asset classes, including crypto-currencies, from a single account.

Through its strategic investment, CoinShares claims to enable its clients to take advantage of Swiss banking heritage. Flowbank customers can also now invest in CoinShares crypto ETPs and other tokenized assets directly from their Flowbank account.