Institutions Invest $2.45 Billion in Crypto ETPs, Setting New Record
CoinShares, a digital assets manager, has reported that institutional investors injected $2.45 billion into cryptocurrency investment products last week, marking the highest weekly inflow ever recorded. The firm’s latest report reveals that the assets under management (AUM) for crypto investment products have reached their highest level since December 2021.
The majority of the inflows (99%) originated from the United States, likely driven by growing interest in crypto spot exchange-traded funds (ETFs). Meanwhile, other regions such as Germany and Switzerland saw modest inflows of $13 million and $1 million, respectively, while Sweden experienced outflows totaling $26 million.
Bitcoin (BTC) received the largest share of inflows, accounting for 99% of last week’s total at $2.43 billion. Ethereum (ETH), Avalanche (AVAX), Chainlink (LINK), and Polygon (MATIC) also attracted inflows of $21 million, $1 million, $0.9 million, and $0.9 million, respectively. Short positions on BTC saw nearly $6 million in inflows, while Solana (SOL) experienced outflows amounting to $1.6 million.
This surge in institutional investment comes alongside positive price movements in the crypto market. CoinShares’ data highlights the increasing confidence and involvement of institutional players in the digital asset space.
By
By
By
By