Digital assets manager CoinShares finds that blue\u2013chip investors continue to allocate to Bitcoin (BTC<\/a>) and crypto investment products as markets surge.<\/p>\n In its latest fund flows report<\/a>, CoinShares says that institutions poured asset $176 million into crypto markets last week, reaching a 10-week total of $1.76 billion.<\/p>\n \u201cDigital asset investment products saw inflows totaling $176 million last week, marking the 10th consecutive week of inflows, totaling $1.76 billion, or 4% of assets under management (AUM). This run of inflows is now the largest since October 2021, which saw the launch of the futures-based ETF (exchange-traded fund) in the US.\u201d <\/em><\/p>\n According to CoinShares, the US, Germany, and Canada saw the most activity while BTC and the top smart contract platform Ethereum (ETH<\/a>) were the two digital assets that saw the most inflows.<\/p>\n \u201cRegionally, the focus was Canada, Germany and the US, which saw inflows of $79 million, $57 million and $54 million, respectively. Minor outflows were seen from Hong Kong totaling $15 million\u2026 <\/em><\/p>\n Bitcoin was the main beneficiary, seeing $133 million inflows, although short, Bitcoin, after a 3-week run of outflows, saw inflows of $3.6 million last week. <\/em><\/p>\n Ethereum saw a further $31 million inflows last week, bringing this 5-week run to $134 million, and for the first time this year, net flows are now positive at $10 million, following a long bout of negative sentiment.\u201d<\/em><\/p>\n Bitcoin is trading for $41,394 at time of writing, a 4.30% raise on the day while Ethereum is moving for $2,095.<\/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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