CoinShares, a digital assets manager, reported that institutions invested a staggering two billion dollars into crypto products in just one week. According to CoinShares’ latest Digital Asset Fund Flows report, digital asset investment products reached $2 billion last week, matching the total from the previous four weeks combined.

The report stated, “Digital asset investment products experienced inflows of $2bn, bringing the total inflows over the past five weeks to $4.3bn. Trading volumes in ETPs surged to $12.8bn for the week, a 55% increase from the previous week. Surprisingly, inflows were observed across almost all providers, with a continued decrease in outflows from established players. This shift in sentiment is believed to be a reaction to weaker-than-expected macroeconomic data in the US, prompting expectations of a monetary policy rate cut.”

Regionally, the United States attracted nearly $2 billion in inflows alone, setting the third-largest daily inflow records on the first day of the period. Bitcoin (BTC), the largest cryptocurrency by market cap, received the majority of inflows with $1.97 billion.

Additionally, Ethereum (ETH) led the altcoins with $69 million in inflows, while XRP, Chainlink (LINK), Solana (SOL), and BNB brought in $1.2 million, $0.7 million, $0.7 million, and $0.2 million respectively.

The report also mentioned, “… while short-bitcoin saw outflows for the 3rd week in a row totaling $5.3m.”

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