Data from TradingView confirms that the total cryptocurrency market capitalization has increased by $600 billion since November 2022.

However, CoinShares revealed that funding for crypto investment products has increased dramatically over the past two months.

“Inflows into digital asset investment products last week totaled $293 million, marking the seventh consecutive week of inflows crossing the $1 billion mark, and year-to-date inflows at $1.14 billion, the third-highest annual inflow on record Uh-huh," it concluded.

Cryptocurrency exchange-traded products (ETPs) assets under management (AUM) statistics are one of the impressive statistics showing the resurgence of cryptocurrencies in 2023.

That number has nearly doubled since the start of the year, rising nearly 10% in the past week alone.

“Total assets under management now stand at $44.3 billion, the highest level since the collapse of a major crypto fund in May 2022,” CoinShares noted.

The report adds that those aiming to go long BTC account for the lion’s share of trading volume.

"Bitcoin inflows totaled $240 million last week, pushing year-to-date inflows to $1.08 billion, while shorts saw outflows of $7 million, indicating continued optimism," the report said. #BTC