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Institutional Investors Flood Crypto with Record $3.2 Billion in Weekly Inflows
(Originally posted on : Crypto News – iGaming.org )
CoinShares, a leading digital asset manager, reported a significant surge in institutional investment in cryptocurrencies. According to its latest Digital Asset Fund Flows report, institutional products saw a record $3.2 billion in inflows last week alone. This marks the 10th consecutive week of positive inflows, with total investments reaching a groundbreaking $44.5 billion for the year. This represents more than four times the investment of any previous year, highlighting the growing confidence among institutional investors in the crypto market.
Bitcoin and Altcoins See Record Investment
Bitcoin (BTC) continued to dominate, with institutional products for the cryptocurrency seeing an additional $2 billion in inflows last week. This pushed Bitcoin’s yearly inflows to a staggering $38 billion, further solidifying its position as the flagship asset in the digital asset space. As trading volumes in exchange-traded products (ETPs) averaged $21 billion per week, Bitcoin alone accounted for a significant portion of this activity. “Bitcoin volumes on trusted exchanges have averaged $8.3 billion a day this year, double that of the Financial Times Stock Exchange (FTSE) 100,” CoinShares noted.
Beyond Bitcoin, other altcoins also attracted investor attention. XRP saw inflows of $145 million, buoyed by rising hopes for a US-listed exchange-traded fund (ETF). Polkadot and Litecoin also gained traction, with inflows of $3.7 million and $2.2 million, respectively. Ethereum (ETH) products saw an impressive $1 billion in inflows, contributing to the overall bullish sentiment across the market.
Global Inflows Reflect Widespread Adoption
CoinShares highlighted that these inflows were not limited to one specific region. Globally, institutional interest in crypto assets surged. The United States led the way with $3.1 billion in inflows, followed by Switzerland ($36 million), Germany ($33 million), and Brazil ($25 million). This global trend indicates a broader acceptance of cryptocurrencies as mainstream investment vehicles, with diverse markets now actively participating in the digital asset space.
CoinShares’ data reveals a vibrant and growing market, with institutional investors continuing to recognize the potential of digital assets. The trend is expected to continue as more financial institutions incorporate cryptocurrencies into their portfolios, driving further adoption and liquidity in the space.
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