March 11, 2024

Record-breaking Inflows: Institutional Investors Inject $2.7 Billion in a Single Week

CoinShares, a digital assets manager, reports an unprecedented $2.7 billion inflow into cryptocurrency investment products, marking the sixth consecutive week of record-breaking institutional investment.

In its most recent Digital Asset Fund Flows report, CoinShares unveils staggering statistics, indicating that institutional interest in crypto investment products is soaring to unprecedented levels. The data reveals a remarkable trend, with cumulative year-to-date inflows rapidly approaching the record set in 2021.

"Digital asset investment products saw record weekly inflows totaling US$2.7 billion, bringing total inflow year-to-date to US$10.3 billion, just shy of the record US$10.6 billion inflows for the whole of 2021."

CoinShares further highlights that the total assets under management (AUM) in crypto are scaling new heights, reaching an all-time high of US$94.4 billion. This represents a remarkable ascent of 14% over the past week alone, and a striking 88% increase since the beginning of the year.

The report identifies the United States as the frontrunner in terms of inflows, with an impressive $2.8 billion, followed by Switzerland and Brazil with $21 million and $18 million respectively.

Unsurprisingly, bitcoin dominates the influx of investments, capturing a substantial $2.6 billion. Short BTC products witnessed a modest inflow of $11 million.

Solana (SOL) saw a resurgence in investor sentiment, attracting $21 million in inflows after a period of negative sentiment. Other notable cryptocurrencies such as Polkadot (DOT), Fantom (FTM), Chainlink (LINK), and Uniswap (UNI) also saw significant inflows, amounting to $2.7 million, $2 million, $2 million, and $1.6 million respectively.

However, ether (ETH) experienced minor outflows of US$2.1 million last week, despite its strong performance in year-to-date inflows.

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