CoinShares, a digital assets manager, has reported that institutional investors funneled a staggering $2 billion into crypto products just last week. According to their latest Digital Asset Fund Flows report, this influx of funds matches the combined total of the previous four weeks.

The report states, “Digital asset investment products experienced a significant inflow of $2 billion, bringing the total inflows over the past five weeks to $4.3 billion. Trading volumes in ETPs soared to $12.8 billion for the week, marking a 55% increase from the previous week. Surprisingly, inflows were observed across nearly all providers, with a decrease in outflows from established players. This shift in sentiment is believed to be a reaction to underwhelming macroeconomic data in the US, prompting expectations of a rate cut in monetary policy.”

In terms of regional distribution, the United States saw inflows of nearly $2 billion, setting new daily inflow records at the start of the period. The dominant cryptocurrency by market cap, Bitcoin (BTC), attracted the majority of these inflows at $1.97 billion.

Meanwhile, Ethereum (ETH) led the pack of alternative coins with $69 million in inflows. Other altcoins like XRP, Chainlink (LINK), Solana (SOL), and BNB also saw inflows ranging from $0.2 million to $1.2 million.

It’s worth noting that short positions in Bitcoin experienced outflows for the third consecutive week, totaling $5.3 million.

For more updates and alerts, subscribe to receive email notifications directly to your inbox. Stay connected with us on various platforms including X, Facebook, and Telegram to keep up with the latest news.

Disclaimer: The opinions expressed in this article are not intended as investment advice. Investors are advised to conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrencies, or digital assets. All transfers and trades are undertaken at the individual’s own risk, and any resulting losses are their responsibility. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it serve as an investment advisor. Please be aware that The Daily Hodl engages in affiliate marketing activities.