Digital assets manager CoinShares says institutional investment in crypto products last week helped push inflows to their highest-ever year-to-date levels.<\/p>\n
In its latest Digital Asset Fund Flows\u00a0report<\/a>, CoinShares says digital asset investment products brought in $646 million in inflows last week.<\/p>\n \u201cDigital asset investment products saw continued positive sentiment with inflows totaling US $646 million last week. inflows year-to-date at US$13.8 billion are at their highest ever level, now far surpassing the US $10.6 billion seen in 2021.\u201d<\/em><\/p>\n However, according to CoinShares, weekly flows are still down from March, when Bitcoin (BTC<\/a>) exchange-traded fund (ETF) hype was at its peak, leading the digital assets manager to speculate that ETF hype is dying down.<\/p>\n Furthermore, CoinShares says trading volumes are also down from early March \u2013 dropping from $43 billion to $17.4 billion.<\/p>\n International crypto sentiment remains divided, according to CoinShares.<\/p>\n \u201cThe US saw a further US $648 million inflows, along with Brazil, Hong Kong and Germany seeing inflows of US $10 million, US $9 million and US $9.6 million respectively. While Switzerland and Canada saw outflows of US $27 million and US $7.3 million respectively.\u201d<\/em><\/p>\n Per usual, BTC received the lion\u2019s share of inflows at $663 million.<\/p>\n \u201cWhile short-bitcoin investment products saw outflows for the 3rd week in a row totaling US $9.5 million, suggesting minor capitulation amongst bearish investors.\u201d<\/em><\/p>\n While Litecoin (LTC<\/a>), Solana (SOL<\/a>) and Filecoin (FIL<\/a>) enjoyed inflows of $4.4 million, $4 million, and $1.4 million respectively, Ethereum (ETH<\/a>) investment products saw outflows for the fourth week in a row, totaling $22.5 million.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Digital assets manager CoinShares says institutional investment in crypto products last week helped push inflows to their highest-ever year-to-date levels. In its latest Digital Asset Fund Flows\u00a0report, CoinShares says digital asset investment products brought in $646 million in inflows last week. \u201cDigital asset investment products saw continued positive sentiment with inflows totaling US $646 million […]<\/p>\n","protected":false},"author":2,"featured_media":145090,"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-279866","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\/279866","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=279866"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/279866\/revisions"}],"predecessor-version":[{"id":279868,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/279866\/revisions\/279868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/145090"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=279866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=279866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=279866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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