CoinShares: Weekly Institutional Investments Drive Year-to-Date Inflows to All-Time High of $14.9 Billion
CoinShares, a digital assets manager, has reported that institutional investors invested over a billion dollars in cryptocurrency products last week, following the approval of the Ethereum (ETH) exchange-traded product (ETP) by the US Securities and Exchange Commission (SEC). According to CoinShares’ Digital Asset Fund Flows report, inflows into digital asset investment products reached a new high of $14.9 billion year-to-date. The total assets under management of crypto ETPs have now reached almost $100 billion. The majority of inflows came from the US, followed by Germany and Switzerland. However, there were outflows of $29 million from Hong Kong. Bitcoin (BTC) received the most inflows at $1.01 million, while Ethereum saw positive inflows of $36 million, likely due to the SEC’s approval of spot ETH ETFs. Other cryptocurrencies that experienced inflows included Solana (SOL), Litecoin (LTC), XRP, and Chainlink (LINK). Investors are advised to conduct their own research and be aware of the risks associated with high-risk investments in cryptocurrency.