Institutional Digital Asset Investment Vehicles See Record Inflows
In the past twelve weeks, institutional digital asset investment vehicles have experienced a staggering $18 billion in inflows, as reported by CoinShares, a leading crypto asset management firm.
Record High Assets Under Management
According to CoinShares’ latest Digital Asset Fund Flows Weekly Report, the influx of funds into institutional crypto investment products has propelled assets under management (AuM) to new all-time highs. The report states, “Digital asset investment products recorded inflows of US$1.04bn last week, marking the 12th consecutive week of inflows, which now total US$18bn. Price gains over the week pushed total assets under management (AuM) to a new all-time high of US$188bn. Trading volumes reached US$16.3bn, in line with the weekly average so far this year.”
Regional Trends
The United States led the pack with $1 billion in inflows, while Switzerland and Germany also contributed with inflows of $33.7 million and $38.5 million, respectively. On the flip side, Canada and Brazil experienced outflows of $29.3 million and $9.7 million, respectively.
Bitcoin and Ethereum Inflows
Bitcoin (BTC) saw significant inflows, although there was a slight slowdown compared to previous weeks. The report notes, “Bitcoin investment products saw inflows of US$790m last week, marking a slowdown from the previous three weeks, which averaged US$1.5bn. The moderation in inflows suggests that investors are becoming more cautious as Bitcoin approaches its all-time high price levels.” Ethereum (ETH) continued its streak of eleven consecutive weeks of inflows, adding $226 million last week alone, outperforming other altcoins.
The report highlights, “On a proportional basis, weekly inflows during this run have averaged 1.6% of AuM, significantly higher than Bitcoin’s 0.8%, highlighting a notable shift in investor sentiment in favor of Ethereum.”
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