The highest gains in 2022 came from Bitcoin and multi-asset investment products, with inflows reaching $287 million and $209 million, respectively.
The lowest level since investments into the cryptocurrency business hit $233 million in 2018, according to CoinShares, a cryptocurrency investment firm, inflows into digital-asset funds totaled $433 million in 2022.
According to Cointelegraph, investors’ demand for digital assets does not seem to have been much affected by the crypto winter, which prompted purchases of crypto assets in a year that witnessed a decrease in price and the loss of major industry giants.
In the weekly report, CoinShares researcher James Butterfill said, “It is heartening to see investors on the whole still preferring to invest in a year where bitcoin values plummeted by 63%, a clear bear market is driven by irrational optimism and an unduly hawkish FED.”
Bitcoin and multi-asset investment products had the highest increases in 2022, according to Cointelegraph, with inflows reaching $287 million and $209 million, respectively. Compared to the bull market years of 2020 and 2021, when inflows were $9.1 billion and $6.6 billion, respectively, respectively, the inflows last year were significantly lower.
The research, according to Cointelegraph, states that 2022 witnessed the introduction of short-investment products as well. Inflows into these products totaled $108 million, or just 1.1% of the entire value of Bitcoin under control at the time. They continue to be a niche asset, the researcher noted.
Canada and Sweden had the greatest outflows last year, totaling $436 million and $446 million, respectively.
