Crypto Investment Vehicles See Inflows After 10-Year Outflow Streak
CoinShares, a crypto asset manager and research firm, reported that institutional investors injected millions of dollars into digital asset investment vehicles last week. This marked a significant turnaround after a prolonged period of outflows.
Key Highlights:
- Total inflows into crypto products amounted to US$644 million, breaking a five-week streak of outflows.
- Assets under management increased by 6.3% since hitting a low point on March 10th.
- The United States led the inflows with $632 million, followed by Switzerland, Germany, and Hong Kong.
- Bitcoin (BTC) attracted the majority of inflows at $724 million, ending a five-week outflow trend.
- Solana (SOL), Polygon (MATIC), and Chainlink (LINK) also saw positive inflows.
- On the other hand, Ethereum (ETH), Sui, Polkadot (DOT), Tron (TRX), and Algorand (ALGO) products experienced outflows.
Outlook for Digital Asset Investments
The surge in institutional investor interest in digital assets signals a shift in sentiment towards the asset class. With positive inflows and growing assets under management, the crypto market is poised for continued growth and adoption.
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