Institutional Digital Asset Investment Vehicles See Over $13 Billion in Inflows in Nine Weeks
Institutional digital asset investment vehicles have experienced a significant uptick in inflows, with over $13 billion pouring into the sector over the past nine weeks, according to the latest report from global investment firm CoinShares.
Resilience in the Face of Geopolitical Uncertainty
CoinShares’ Digital Asset Fund Flows Weekly Report highlights that despite escalating geopolitical tensions, digital assets have remained resilient. Inflows into digital asset investment products reached $1.9 billion last week, marking the ninth consecutive week of positive inflows. This brings the total inflows during this period to $12.9 billion, setting a new year-to-date record of $13.2 billion.
Regional Inflows and Outflows
The United States led the way in terms of international inflows, attracting $1.9 billion. Germany, Switzerland, and Canada also saw notable inflows of $39.2 million, $20.7 million, and $12.1 million, respectively. However, Hong Kong and Brazil experienced outflows of $56.8 million and $8.5 million, respectively.
Bitcoin and Ethereum Lead the Pack
After two weeks of outflows, Bitcoin bounced back with $1.3 billion in inflows. Ethereum, the leading smart contract platform, continued its eight-week streak of inflows, totaling $2 billion with an additional $583 million inflow last week. Other cryptocurrencies like XRP and Sui also saw inflows after a period of outflows.
Stay Updated with The Daily Hodl
For more updates on digital assets and cryptocurrency trends, follow The Daily Hodl on X, Facebook, and Telegram. Subscribe to receive email alerts directly to your inbox and stay informed about price action and market trends.
Generated Image: DALLE3