Share this article
Bitcoin Bargain? Investors Put Money Into Crypto Funds for Second Straight Week
Cryptocurrency funds attracted $19 million of new money last week, suggesting investors are cautiously adding to positions, with prices depressed compared with year-end levels.
Updated May 11, 2023, 6:17 p.m. Published Jan 31, 2022, 7:26 p.m.
Make us preferred on Google
Investors put money into cryptocurrency funds for a second straight week as the bitcoin market stabilized following one of its worst-ever starts to a year.
Crypto funds saw inflows of $19 million during the seven days through Jan. 28, according to a report Monday from the digital-asset manager CoinShares.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
While the increase looks small relative to some of the $200 million-plus weeks of inflows in 2021, the trend suggests investors are cautiously adding to positions "at these depressed price levels," the CoinShares analysts wrote.
Investors put some $14 million into crypto funds during the prior week – reversing five straight weeks of redemptions that totaled $532 million.
Bitcoin (BTC) is down 17% so far this year, changing hands around $38,500 at press time. The price is still well off the all-time high around $69,000 reached in November 2021.
Notably, some $22.1 million flowed into bitcoin-focused funds last week, while Ethereum-focused funds suffered outflows of $26.8 million.
Prices for the Ethereum blockchain's native cryptocurrency, ether (ETH), are down 27% this year to about $2,700.
"Ethereum continues to suffer from negative sentiment," CoinShares wrote.
Multi-asset funds – focused on a combination of coins – brought in $32 million, the most since June 2021. This suggests "investors are adopting a diversified investment approach," according to CoinShares
But funds focused on Solana, Polkadot and Cardano all saw outflows last week, "suggesting investors are shunning altcoins," CoinShares wrote.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Kevin O'Leary says power is now more valuable than bitcoin
"Shark Tank" investor Kevin O'Leary is pivoting his crypto strategy from tokens to energy infrastructure, declaring that power generation is now the real prize.
What to know:
The big pivot: O'Leary has moved capital away from smaller tokens to focus on physical infrastructure like land, power, and copper.
- He believes power is now "more valuable than bitcoin" and has secured significant land deals with stranded natural gas in Alberta and the U.S.
- His thesis is driven by the massive energy needs of bitcoin mining and AI, noting that entities controlling power can serve either market.
- He advises investors to look at copper and gold, noting copper prices have nearly quadrupled for his projects in the last 18 months.
- He views Robinhood and Coinbase as "no-brainer" infrastructure investments, having reallocated capital from altcoins into these platforms. He describes Robinhood as the premier bridge for managing equity and crypto in one portfolio, while labeling Coinbase the "de facto standard" for businesses to manage stablecoin transactions and vendor payments once regulatory acts pass.
Top Stories
