Digital assets manager CoinShares says institutional crypto products saw heavy inflows across the board last week for the eighth consecutive week.<\/p>\n
In its latest Digital Asset Fund Flows report, CoinShares\u00a0finds<\/a> that institutional investors are continuing to up their allocations to crypto with Solana (SOL<\/a>) investment products leading the way for altcoins.<\/p>\n \u201cDigital asset investment products saw inflows totaling US $176 million last week in a continuation of consecutive weekly inflows that has now lasted 8 weeks, bringing year-to-date inflows to US $1.32 billion.\u201d<\/em><\/p>\n CoinShares also puts the yearly inflows into perspective, comparing inflows to previous years.<\/p>\n \u201cHowever, the inflows remain well behind 2021 and 2020, which saw US $10.7 billion and US $6.6 billion respectively.\u201d<\/em><\/p>\n According to CoinShares, much of the trading volume surge in crypto can be traced to exchange-traded product (ETP) investors.<\/p>\n \u201cTrading volumes in ETPs have averaged US $3 billion per week, double this year\u2019s average of US $1.5 billion. Interestingly, ETP share of total crypto volumes is rising, averaging 11% compared to the long-term historical average of 3.4%, and well above the averages seen in the 2020\/21 bull market.\u201d<\/em><\/p>\n King crypto Bitcoin (BTC<\/a>) led the way with $154.7 million of inflows. Solana products raked in $13.6 million as interest in the Ethereum (ETH<\/a>) competitor continues to grow. Ethereum enjoyed $3.3 million in inflows, while Litecoin (LTC<\/a>), Cardano (ADA<\/a>) and XRP<\/a> products brought in less than a million apiece.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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