Institutional Investors Pour $1 Billion Into Crypto, Ethereum Leads Inflows
Institutional investors have maintained their buying momentum in crypto products for the fifth consecutive week, according to digital asset management firm CoinShares.
Over $1 billion flowed into cryptocurrency investment products last week, signaling continued interest despite market downturns.
CoinShares reports that total inflows for the year have now reached $7.3 billion. However, the recent decline in crypto prices has reduced total assets under management in exchange-traded products (ETPs) to $163 billion, down from a peak of $181 billion in January. Weekly trading volumes remained steady at $20 billion.
The United States dominated institutional inflows, accounting for $1 billion, while Germany, Switzerland, and Canada contributed $61 million, $54 million, and $37 million, respectively.
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Bitcoin’s Final Surge? Economist Predicts Massive Crypto RallyEthereum led inflows for the first time this year, attracting $793 million in investments as its price dipped near $2,100, surpassing Bitcoin’s $407 million in inflows.
Among altcoins, XRP saw the highest inflows at $21.1 million, followed by Solana with $11.2 million. Multi-asset investment products attracted $14.4 million, while Sui investment vehicles recorded $4.3 million in inflows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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