tl;dr
Digital assets manager CoinShares reported that institutional investors invested a record $3.85 billion into crypto investment vehicles last week, bringing yearly flows to $41 billion, also a new record. The US led with $3.6 billion in inflows, while Switzerland, Germany, Canada, and Australia contr...
Institutional investors set a new record with a $3.85 billion inflow into crypto investment vehicles last week, bringing yearly flows to $41 billion. The US region led with $3.6 billion in inflows. Bitcoin (BTC) added $2.5 billion, while Ethereum (ETH) achieved a personal best of $1.2 billion in inflows.
Digital assets manager CoinShares reported that institutional investors invested a record $3.85 billion into crypto investment vehicles last week, bringing yearly flows to $41 billion, also a new record. The US led with $3.6 billion in inflows, while Switzerland, Germany, Canada, and Australia contributed $160 million, $116 million, $14 million, and $10 million in inflows, respectively. Bitcoin added $2.5 billion to its year-to-date total of $36.5 billion, and Ethereum set a personal best for inflows at $1.2 billion. Conversely, Solana suffered $14 million in outflows.
Digital assets manager CoinShares says institutional investors poured a record $3.85 billion into crypto investment vehicles last week. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products saw a record in net inflows that brought yearly flows to $41 billion last week, also a new record. “Digital asset investment products saw the largest weekly inflows on record last week totaling US$3.85bn, smashing the prior record set just a few weeks ago. This has pushed total inflows year-to-date (YTD) to US$41bn and total assets under management (AuM) to a new high of US$165bn — prior cycle highs in 2021 saw inflows of US$10.6bn and an AuM high of US$83bn.”
The US region led the way internationally with $3.6 billion in inflows. Switzerland, Germany, Canada, and Australia joined to the tune of $160 million, $116 million, $14 million, and $10 million in inflows, respectively. Last week, Bitcoin (BTC) added $2.5 billion in inflows to its year-to-date inflows total of $36.5 billion. Ethereum (ETH) set a personal best for inflows at $1.2 billion. Meanwhile, ETH competitor Solana (SOL) suffered $14 million in outflows.