CoinShares is a digital asset manager. It says last week, institutions made a record weekly investment of $2.9 Billion into cryptocurrency products.
Digital Asset Fund Flows in its Latest Digital Asset Fund Report reportCoinShares has announced that crypto-investment products’ year-todate flows have reached a record.
The digital asset investment product industry saw weekly inflows of US$2.9bn. This was a record, surpassing the previous record set by US$2.7bn. This week’s inflows have pushed year-to-date inflows to US$13.2bn, smashing the full 2021 inflows of US$10.6bn…
The global ETPs reached US$100bn for the very first time during the past week, though the final price correction saw the figure settle to US$97bn.
Canada, Germany Sweden and Switzerland experienced outflows last week of $78 Million, while the US, Canada and other regions recorded inflows exceeding $2.95 billion.
Bloomberg ETF expert Eric Balchunas said On Monday, it was suggested that the lower fees for American ETFs may be the reason behind the outflow of capital.
“Europe and Canada bitcoin ETFs seeing outflows despite – or rather because of – the launch of US spot ETFs which are multiples cheaper and more liquid. Biz as usual for US ETFs which in general steal flow for all over the place, the upshot of living in Terrordome. Hell for issuers, heaven for investors.”
Coinshares states that Bitcoin has been performing as usual.BTCInflows of $2.86bn were dominated by ).
“[BTC inflows] now comprise 97% of all inflows year-to-date. While, short bitcoin saw its largest inflows in a year totaling US$26m, its 5th consecutive week.”
EthereumETH), Solana (SOLPolygon (MATICThe resulting outflows were $14, $2, and $6.8 millions respectively.
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