Crypto asset manager CoinShares says institutional digital asset investors have poured $5.5 billion into crypto over the past three weeks.
According to its latest Digital Asset Flows Weekly report, CoinShares says that crypto products enjoyed inflows of $2 billion last week alone.
“Digital asset investment products recorded a third consecutive week of inflows, totaling US$2bn last week. This brings total inflows over the past three weeks to US$5.5bn, marking a dramatic shift in sentiment following nine weeks of significant outflows.
Total inflows year-to-date (YTD) now total US$5.6bn while recent price moves have seen total assets under management (AuM) rise to US$156bn, the highest point since mid-February this year.”
Regionally speaking, the United States led the world with $1.9 billion in inflows. Canada, Switzerland and Germany provided $20 million, $34 million and $47 million of additional inflows, respectively.
Per usual, Bitcoin (BTC) enjoyed the lion’s share of inflows last week at $1.8 billion.
“Ethereum saw a second week of solid inflows totaling US$149m, bringing the last 2 weeks of inflows to US$336m. Competitor Solana saw minor inflows of US$6m.”
XRP products raked in $10.5 million in inflows, while Cardano (ADA) and SUI products brought in $1.2 million and $0.3 million, respectively. Multi-asset crypto investment vehicles, which invest in a basket of crypto assets, enjoyed $1.9 million in inflows.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
