Digital assets manager CoinShares says institutions poured $598 million into crypto investment products last week for a fourth consecutive week of inflows.<\/p>\n
In its latest Digital Asset Fund Flows\u00a0report<\/a>, CoinShares says that year-to-date inflows for crypto investment products are nearing the $6 billion mark.<\/p>\n \u201cDigital 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.\u201d<\/em><\/p>\n According to CoinShares, the US saw the most inflows at $610 million despite Grayscale suffering $436 million in outflows over the same period.<\/p>\n \u201cBrazil 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.\u201d<\/em><\/p>\n Per usual, Bitcoin (BTC<\/a>) enjoyed the lion\u2019s share of inflows at $570 million. Short BTC products saw much smaller inflows at $3.9 million.<\/p>\n While Solana (SOL<\/a>) suffered $3 million in outflows possibly connected to a recent network outage, Ethereum (ETH<\/a>), Chainlink (LINK<\/a>) and XRP<\/a> saw inflows.<\/p>\n \u201cEthereum saw $17m inflows last week, while Chainlink and XRP saw inflows of US$1.8m and US$1.1m respectively.\u201d<\/em><\/p>\n Multi-asset crypto investment products, those investing in more than one crypto, brought in $6.8 million in inflows last week. Litecoin (LTC<\/a>) and Cardano (ADA<\/a>) brought in $1 million and $0.4 million over the same period.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Featured Image: Shutterstock\/Everyonephoto Studio\/Sensvector<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" 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\u00a0report, CoinShares says that year-to-date inflows for crypto investment products are nearing the $6 billion mark. \u201cDigital asset investment products saw weekly inflows totaling US$598m, marking the […]<\/p>\n","protected":false},"author":2,"featured_media":59710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-254727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/254727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=254727"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/254727\/revisions"}],"predecessor-version":[{"id":254729,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/254727\/revisions\/254729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/59710"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=254727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=254727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=254727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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