CoinShares, a digital assets manager, reports that institutional investors are entering the crypto markets with increased positivity. The company’s latest report reveals that institutional investors have made the highest level of inflows since 2023, following news of BlackRock’s application for a Bitcoin exchange-traded fund (ETF). The inflows totalled $199 million, which is nearly half of the outflows seen in the previous nine consecutive weeks. Additionally, the trading volumes for exchange-traded products (ETPs) were 170% higher than the average this year, reaching $2.5 billion for the week. CoinShares attributes this renewed positive sentiment to announcements from prominent ETP issuers filing for physically backed ETFs. Bitcoin products received the majority of the inflows, while short-Bitcoin products experienced outflows for the ninth consecutive week. Ethereum and multi-asset ETPs also saw significant inflows, while altcoins XRP and Solana experienced minor inflows.
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