CoinShares, a digital asset manager, says that institutional investors invested over $3 billion in crypto-products last week.
Digital Asset Funds Flows: The Latest Report reportCoinShares reports that the institutional crypto products have seen a record-breaking surge of net inflows last week. This is a $3.13 Billion increase.
“Digital asset investment products saw the largest weekly inflows on record, totaling US$3.13bn, bringing total inflows since mid-September, when interest rates were first cut in the US, to US$15.2bn. Year-to-date inflows now stand at a record $37bn, driven primarily by Bitcoin, far outpacing the debut of US Gold ETFs, which attracted just $309 million in their first year.”
Inflows to the US were $3.2 billion, which was well ahead of other regions. Germany, Sweden and Switzerland combined to outflow $141 million from the global inflows.
“More positive sentiment was seen in Australia, Canada and Hong Kong, with inflows of US$9m, US$31m and US$30m respectively.”
BitcoinBTCSolana ( ) brought in the largest amount of profit at $3 billion. Solana (SOLEthereum) in terms of smart contracts.ETHETH had $2.8 million of inflows compared to ETH with 16 million. XRPBitcoin (Litecoin)LTCChainlink (LINKThe corresponding figures for multi-asset vehicles (including those that invest in multiple cryptos) were $15 million ($4.1 million), $1.3 million ($1.3 million), and $10.5 million respectively.
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