Digital assets manager CoinShares says institutions poured a record $2.7 billion into crypto investment products last week for a sixth consecutive week of inflows.
In its latest Digital Asset Fund Flows report, CoinShares says that year-to-date inflows for crypto investment products are also nearing the record mark.
“Digital asset investment products saw record weekly inflows totaling US$2.7 billion, bringing total inflow year-to-date to US$10.3 billion, just shy of the record US$10.6 billion inflows for the whole of 2021.”
According to CoinShares, the total amount of crypto assets under management is reaching a new all-time high.
“Recent price gains have pushed total assets under management (AuM) to a record high of US$94.4 billion, having leaped 14% over the last week and rising 88% so far this year.”
The firm says that the US saw by far the most inflows at $2.8 billion, followed by Switzerland and Brazil, which saw $21 million and $18 million respectively.
Per usual, Bitcoin (BTC) enjoyed the lion’s share of inflows at $2.6 billion. Short BTC products saw much smaller inflows at $11 million.
Solana (SOL) enjoyed $21 million in inflows after weeks of negative sentiment. Polkadot (DOT), Fantom (FTM), Chainlink (LINK) and Uniswap (UNI) brought in $2.7 million, $2 million, $2 million and $1.6 million, respectively.
“Conversely, Ethereum, which is on a much better footing on year-to-date inflows saw minor outflows of US$2.1m last week.”
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
