Avalanche of Institutional Capital Enters Crypto Markets in Fourth Straight Week of Inflows: CoinShares – Crypto News – Crypto News
Connect with us
VP of $1,530,000,000,000 Asset Manager Says Ethereum Staking Presents Big Opportunities to Institutional Investors VP of $1,530,000,000,000 Asset Manager Says Ethereum Staking Presents Big Opportunities to Institutional Investors

others

Avalanche of Institutional Capital Enters Crypto Markets in Fourth Straight Week of Inflows: CoinShares – Crypto News

Published

2 years ago

on

Digital assets manager CoinShares says institutions poured $598 million into crypto investment products last week for a fourth consecutive week of inflows.

In its latest Digital Asset Fund Flows report, CoinShares says that year-to-date inflows for crypto investment products are nearing the $6 billion mark.

“Digital asset investment products saw weekly inflows totaling US$598m, marking the fourth consecutive week of inflows. Year-to-date inflows have now surpassed the US$5.7bn mark, accounting for 55% of the record inflows witnessed in 2021.”

Source: CoinShares

According to CoinShares, the US saw the most inflows at $610 million despite Grayscale suffering $436 million in outflows over the same period.

“Brazil and Switzerland saw minor inflows at US$8.2m and US$2.1m respectively, while both Canada and Sweden saw outflows totaling US$18m and US$8m respectively.”

Per usual, Bitcoin (BTC) enjoyed the lion’s share of inflows at $570 million. Short BTC products saw much smaller inflows at $3.9 million.

While Solana (SOL) suffered $3 million in outflows possibly connected to a recent network outage, Ethereum (ETH), Chainlink (LINK) and XRP saw inflows.

“Ethereum saw $17m inflows last week, while Chainlink and XRP saw inflows of US$1.8m and US$1.1m respectively.”

Multi-asset crypto investment products, those investing in more than one crypto, brought in $6.8 million in inflows last week. Litecoin (LTC) and Cardano (ADA) brought in $1 million and $0.4 million over the same period.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

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 loses 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.

Featured Image: Shutterstock/Everyonephoto Studio/Sensvector

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending