Digital assets manager CoinShares says institutions poured $2.45 billion into crypto investment products last week, the largest weekly inflow ever recorded.<\/p>\n
In its latest Digital Asset Fund Flows\u00a0report<\/a>, CoinShares says that crypto investment products\u2019 assets under management (AUM) are now at their highest level since December 2021.<\/p>\n \u201cDigital asset investment products saw record weekly inflows, totaling US$2.45 billion, with inflows for year to date now at an impressive US$5.2 billion. These inflows, coupled with recent positive price moves, have elevated the total assets under management (AuM) to US$67 billion, marking the highest level since December 2021.\u201d<\/em><\/p>\n According to CoinShares, the vast majority of the inflows (99%) came from the United States, likely due to increased interest in crypto spot exchange-traded funds (ETFs).<\/p>\n \u201cSimultaneously, outflows from incumbent players have decreased dramatically. Other regions, such as Germany and Switzerland, experienced modest inflows of US$13m and US$1m respectively, while Sweden saw outflows totaling US$26m.\u201d<\/em><\/p>\n Per usual, BTC<\/a> saw the lion\u2019s share of inflows, taking in 99% of last week\u2019s inflows at $2.43 billion. Ethereum (ETH<\/a>), Avalanche (AVAX<\/a>), Chainlink (LINK) and Polygon (MATIC<\/a>) each saw inflows of $21 million, $1 million, $0.9 million and $0.9 million, respectively. Short-BTC positions saw nearly $6 million in inflows, while Solana (SOL<\/a>) suffered $1.6 million in outflows.<\/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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