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Investors continued to buy BTC in January

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01.02.2023

Major investors resumed investing in bitcoin and other crypto assets in January, according to Reuters and CoinShares.

Digital asset investment products had inflows of more than $117 million last week, the largest weekly gain since last July.

Bitcoin was far and away the biggest draw, with funds tracking it responsible for $116 million of that. Crypto funds’ total assets under management have risen to $28 billion, up 43% from lows plumbed in November.

Rate of bitcoin, the original cryptocurrency, has soared nearly 40% in January, closing in on its best monthly performance since October 2021 and its second-best January in the past 10 years.