Insights into Institutional Investments in Crypto Products
Amid the approval of the U.S. Securities and Exchange Commission’s Ethereum (ETH) exchange-traded product (ETP), institutions injected over a billion dollars into crypto products last week, according to CoinShares’ latest report.
- A new record of $14.9 billion in inflows
- Assets under management (AUM) of crypto ETPs nearing $100 billion
- The US leading the inflows, followed by Germany and Switzerland
Record-Breaking Inflows and AUM Growth
For the third consecutive week, digital asset investment products observed significant inflows totaling $1.05 billion. The cumulative flows hit an all-time high of $14.9 billion for the year.
Moreover, the total assets under management of crypto ETPs surged, approaching the $100 billion mark. Most inflows originated from the US, with substantial contributions from Germany and Switzerland.
Regional Contributions and Surprising Outflows
The US led the way with $1.03 billion in inflows, with Germany and Switzerland following with $48 million and $30 million, respectively. However, one unexpected region experienced massive outflows last week.
Despite the initial success of Bitcoin spot-based ETFs in Hong Kong, subsequent weeks saw outflows totaling $29 million. On the other hand, Bitcoin witnessed significant inflows amounting to $1.01 million.
Asset-Specific Inflows and Market Sentiment
Ethereum enjoyed positive inflows of $36 million following the SEC’s approval of spot ETH ETFs. Other cryptocurrencies like Solana, Litecoin, XRP, and Chainlink also experienced notable inflows ranging from $0.4 million to $8 million.
The market sentiment seems to be turning positive, with short-Bitcoin products facing outflows of $4.3 million. Despite recent price gains, sentiment continues to shift favorably.
Hot Take: Analyzing Institutional Investment Trends in Cryptocurrency
The surge in institutional investments totaling over $14.9 billion in crypto products underscores the growing confidence among traditional investors in digital assets.
- Positive market sentiment despite recent price fluctuations
- Bitcoin leading the inflows, followed by Ethereum and other altcoins
- Regulatory approvals driving investment decisions in the crypto market
The post Weekly Institutional Investments Push Year-to-Date Inflows to Record High of $14,900,000,000: CoinShares appeared first on The Daily Hodl.
Sources:
– CoinShares Report
– The Daily Hodl Twitter
– The Daily Hodl Facebook
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