Institutional Crypto Inflows Reach Second-Largest Week on Record With $3,700,000,000: CoinShares

Institutional investors are riding the crypto industry’s record-breaking momentum and pouring billions into digital asset investment vehicles, reports crypto investment firm CoinShares.

According to the latest Digital Asset Fund Flows report, institutional investors coughed up $3.7 billion in crypto inflows last week alone.

“Digital asset investment products saw inflows of $3.7 billion last week, marking the 2nd largest weekly inflow on record. Notably, July 10th recorded the third-highest daily inflow ever. This also represents the 13th consecutive week of inflows, bringing the cumulative total to $21.8 billion and pushing year-to-date (YTD) inflows to $22.7 billion.

Assets under management (AuM) surged past the US $200 billion threshold for the first time, reaching a new record of $211 billion. ETP (exchange-traded product) trading volumes reached $29 billion, twice this year’s weekly average.”

The US led globally with $3.7 billion worth of inflows. Switzerland and Canada followed with $65.8 million and $17.1 million in inflows, respectively, while Germany suffered outflows to the tune of $86 million.

Top crypto asset by market cap Bitcoin (BTC), per usual, enjoyed the lion’s share of inflows at $2.7 billion.

“For the first time, this equals 54% of the total AuM held in gold ETPs. Short Bitcoin ETPs showed minimal activity.”

Ethereum (ETH) continued its 12-week run of inflows with $990 million last week. Meanwhile, XRP and Solana (SOL) also enjoyed large inflows of $104 million and $92.6 million, respectively.

Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3

The post Institutional Crypto Inflows Reach Second-Largest Week on Record With $3,700,000,000: CoinShares appeared first on The Daily Hodl.

Innehållet på den här sidan tillhandahålls av tredje part. Om inte annat anges är OKX inte författare till den eller de artiklar som citeras och hämtar inte någon upphovsrätt till materialet. Innehållet tillhandahålls endast i informationssyfte och representerar inte OKX:s åsikter. Det är inte avsett att vara ett godkännande av något slag och bör inte betraktas som investeringsrådgivning eller en uppmaning att köpa eller sälja digitala tillgångar. I den mån generativ AI används för att tillhandahålla sammanfattningar eller annan information kan sådant AI-genererat innehåll vara felaktigt eller inkonsekvent. Läs den länkade artikeln för mer detaljer och information. OKX ansvarar inte för innehåll som finns på tredje parts webbplatser. Innehav av digitala tillgångar, inklusive stabila kryptovalutor och NFT:er, innebär en hög grad av risk och kan fluktuera kraftigt. Du bör noga överväga om handel med eller innehav av digitala tillgångar är lämpligt för dig mot bakgrund av din ekonomiska situation.