Institutional Investors Continue to Pour Money into Crypto Investment Products: CoinShares
Digital assets manager CoinShares has reported that institutional investors invested $598 million in crypto investment products last week, marking the fourth consecutive week of inflows. This brings the year-to-date inflows for crypto investment products close to the $6 billion mark.
Key Points:
- Institutional investors put $598 million into crypto investment products last week.
- Year-to-date inflows for crypto investment products are nearing $6 billion.
- The US saw the most inflows at $610 million, while Grayscale experienced $436 million in outflows.
- Bitcoin received the majority of inflows at $570 million, followed by Ethereum, Chainlink, and XRP.
- Multi-asset crypto investment products brought in $6.8 million in inflows.
Institutional Inflows Continue
CoinShares’ latest report reveals that institutional investors have shown a consistent interest in crypto investment products. Here are the key highlights from the report:
Weekly Inflows:
- Last week, digital asset investment products received total inflows of $598 million, marking the fourth consecutive week of inflows.
Year-to-Date Inflows:
- Year-to-date inflows for crypto investment products have now reached almost $6 billion. This accounts for 55% of the record-breaking inflows seen in 2021.
Inflows by Region
The United States witnessed the highest inflows at $610 million. However, Grayscale, a leading digital asset management firm, experienced outflows of $436 million during the same period. Other notable inflows and outflows by region include:
Inflows:
- Brazil: $8.2 million
- Switzerland: $2.1 million
Outflows:
- Canada: $18 million
- Sweden: $8 million
Bitcoin Dominates Inflows
Bitcoin continues to be the preferred choice for institutional investors, as it received the majority of inflows. Here are the details:
Bitcoin (BTC):
- $570 million in inflows
Short BTC Products:
- $3.9 million in inflows
Despite a recent network outage, Ethereum (ETH), Chainlink (LINK), and XRP also experienced inflows:
Ethereum (ETH):
- $17 million in inflows
Chainlink (LINK):
- $1.8 million in inflows
XRP:
- $1.1 million in inflows
Multi-Asset Crypto Investment Products
Crypto investment products that invest in multiple cryptocurrencies attracted $6.8 million in inflows last week. The following cryptocurrencies saw inflows during this period:
Litecoin (LTC):
- $1 million in inflows
Cardano (ADA):
- $0.4 million in inflows
Hot Take: Institutional Investors Show Continued Confidence in Crypto
Institutional investors are increasingly recognizing the potential of cryptocurrencies as an investment asset class. Their continued inflows into crypto investment products demonstrate their confidence in the long-term prospects of the market. Here’s what you need to know:
Institutional Inflows:
- Institutional investors poured $598 million into crypto investment products last week, marking the fourth consecutive week of inflows.
Year-to-Date Inflows:
- Year-to-date inflows for crypto investment products are nearing the $6 billion mark, accounting for 55% of the record-breaking inflows witnessed in 2021.
The consistent and significant inflows from institutional investors indicate that cryptocurrencies are gaining mainstream acceptance as a legitimate investment option. As more institutional capital enters the market, it is likely to drive further growth and stability in the crypto industry.
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