tl;dr
CoinShares reports that institutional investors invested a record $3.2 billion into crypto investment vehicles last week, bringing yearly flows to $44.5 billion. The report states that all international regions saw inflows to crypto, with the United States, Switzerland, Germany, and Brazil leading t...
Institutional investors poured a record $3.2 billion into crypto investment vehicles last week, with yearly flows reaching $44.5 billion, driven by significant inflows in the United States, Switzerland, Germany, and Brazil. Source: CoinShares.
Bitcoin (BTC) products reached yearly inflows of $38 billion, while altcoin XRP, Polkadot, and Litecoin also saw substantial inflows, with Ethereum (ETH) products enjoying $1 billion in inflows. Source: CoinShares.
CoinShares reports that institutional investors invested a record $3.2 billion into crypto investment vehicles last week, bringing yearly flows to $44.5 billion. The report states that all international regions saw inflows to crypto, with the United States, Switzerland, Germany, and Brazil leading the investments. Bitcoin products reached yearly inflows of $38 billion, with altcoins like XRP, Polkadot, and Litecoin also seeing significant inflows. Ethereum products enjoyed $1 billion in inflows. Trading volumes in exchange-traded products (ETPs) averaged $21 billion a week, comprising 30% of bitcoin traded on trusted exchanges. Bitcoin volumes on trusted exchanges averaged $8.3 billion a day this year, double that of the Financial Times Stock Exchange (FTSE) 100.
Digital assets manager CoinShares says institutional investors poured a record $3.2 billion into crypto investment vehicles last week. In its latest Digital Asset Fund Flows report, CoinShares says that last week, institutional crypto investment products saw net inflows that brought yearly flows to $44.5 billion, a new record. “Digital asset investment products saw a continuation of inflows last week totaling US$3.2bn, the 10th consecutive week, with inflows this year so far now totaling an astonishing US$44.5bn, more than quadruple that of any other year. Trading volumes in exchange-traded products (ETPs) have averaged US$21bn a week, comprising 30% of the bitcoin traded on trusted exchanges. Bitcoin volumes on trusted exchanges (all investment types) is highly liquid, having averaged US$8.3bn a day this year, double that of the Financial Times Stock Exchange (FTSE) 100.” Source: CoinShares
According to CoinShares, all regions internationally saw inflows to crypto. The United States, Switzerland, Germany, and Brazil led the charge with inflows of $3.1 billion, $36 million, $33 million, and $25 million, respectively. Bitcoin (BTC) products reached yearly inflows of $38 billion after last week’s additional inflows of $2 billion. “Altcoin XRP saw inflows of US$145m as hopes rise for a US-listed ETF, while Polkadot and Litecoin saw inflows of US$3.7m and US$2.2m respectively.” Ethereum (ETH) products also enjoyed $1 billion in inflows.