Crypto Asset Manager CoinShares Reports $5.5 Billion Inflows into Crypto Assets Over Past Three Weeks
According to the latest report from CoinShares, institutional digital asset investors have poured $5.5 billion into crypto assets over the past three weeks. This surge in investment comes after a period of nine weeks of significant outflows.
Key Points:
- Last week alone, crypto products enjoyed inflows of $2 billion.
- Total inflows year-to-date now stand at $5.6 billion.
- Total assets under management (AuM) have risen to $156 billion, the highest point since mid-February this year.
Regional Breakdown:
The United States led the world with $1.9 billion in inflows, followed by Canada with $20 million, Switzerland with $34 million, and Germany with $47 million.
Asset Allocation:
- Bitcoin (BTC) received the largest share of inflows last week at $1.8 billion.
- Ethereum saw solid inflows totaling $149 million over the past two weeks.
- Solana received minor inflows of $6 million.
- XRP products attracted $10.5 million in inflows.
- Cardano (ADA) and SUI products brought in $1.2 million and $0.3 million, respectively.
- Multi-asset crypto investment vehicles received $1.9 million in inflows.
Stay Updated:
Follow us on X, Facebook, and Telegram for the latest updates in the crypto space.
Don’t miss out on important news – subscribe to get email alerts delivered directly to your inbox.
Check Price Action and surf The Daily Hodl Mix for a comprehensive overview of the crypto market.
Generated Image: Midjourney