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Investors Pump Money Into Crypto Funds Amid Pickup in Market Sentiment
Bitcoin dominated this week's inflows, accounting for almost all of the $117 million coming in.
Updated Jan 30, 2023, 4:05 p.m. Published Jan 30, 2023, 3:04 p.m.
Digital-asset investment products saw $117 million in inflows last week, the largest amount in six months, according to data from CoinShares.
Investors pumped money mainly into bitcoin (BTC)-related funds, which accounted for $116 million worth of the inflows. This comes as the world’s largest cryptocurrency has been on an upward trajectory since the start of the year, gaining 40%.
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As market sentiment has improved, digital investment product volume has increased, reaching $1.3 billion traded last week, up 17% compared with the year-to-date average.
Short-bitcoin products saw inflows of $4.4 million, which suggests opinion does remain polarized, according to CoinShares.
Multi-asset investment products saw outflows for the ninth consecutive week, with outflows of $6.4 million. “This suggests investors are preferring select investments. This was evident in alts such as Solana, Cardano and Polygon while Bitcoin Cash, Stellar and Uniswap all saw minor outflows,” the report read.
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Exchange Review - March 2025
CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
What to know:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
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What to know:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
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