Crypto Investment Products Break Previous Record With $3,850,000,000 in Weekly Inflows: CoinShares

Digital assets manager CoinShares says institutional investors poured a record $3.85 billion into crypto investment vehicles last week. In its latest Digital Asset Fund Flows report , CoinShares says that institutional crypto investment products saw a record in net inflows that brought yearly flows to $41 billion last week, also a new record. “Digital asset investment products saw the largest weekly inflows on record last week totaling US$3.85bn, smashing the prior record set just a few weeks ago. This has pushed total inflows year-to-date (YTD) to US$41bn and total assets under management (AuM) to a new high of US$165bn — prior cycle highs in 2021 saw inflows of US$10.6bn and an AuM high of US$83bn.” Source: CoinShares The US region led the way internationally with $3.6 billion in inflows. Switzerland, Germany, Canada, and Australia joined to the tune of $160 million, $116 million, $14 million, and $10 million in inflows, respectively. Last week, Bitcoin ( BTC ) added $2.5 billion in inflows to its year-to-date inflows total of $36.5 billion. “Short bitcoin has seen tepid inflows of US$6.2m, historically we have seen much higher inflows after sharp price rises suggesting investors remain cautious on betting against the recent strong price momentum.” Ethereum ( ETH ) set a personal best for inflows at $1.2 billion. Meanwhile, ETH competitor Solana ( SOL ) suffered $14 million in outflows. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram 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 The post Crypto Investment Products Break Previous Record With $3,850,000,000 in Weekly Inflows: CoinShares appeared first on The Daily Hodl .