Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

Digital assets manager CoinShares says institutional investors poured a record $3.2 billion into crypto investment vehicles last week.

In its latest Digital Asset Fund Flows  report , CoinShares says that last week, institutional crypto investment products saw net inflows that brought yearly flows to $44.5 billion, a new record.

“Digital asset investment products saw a continuation of inflows last week totaling US$3.2bn, the 10th consecutive week, with inflows this year so far now totaling an astonishing US$44.5bn, more than quadruple that of any other year.

Trading volumes in exchange-traded products (ETPs) have averaged US$21bn a week, comprising 30% of the bitcoin traded on trusted exchanges. Bitcoin volumes on trusted exchanges (all investment types) is highly liquid, having averaged US$8.3bn a day this year, double that of the Financial Times Stock Exchange (FTSE) 100.”

Source: CoinShares

According to CoinShares, all regions internationally saw inflows to crypto. The United States, Switzerland, Germany and Brazil led the charge with inflows of $3.1 billion, $36 million, $33 million and $25 million, respectively.

Bitcoin ( BTC ) products reached yearly inflows of $38 billion after last week’s additional inflows of $2 billion.

“Altcoin XRP saw inflows of US$145m as hopes rise for a US-listed ETF, while Polkadot and Litecoin saw inflows of US$3.7m and US$2.2m respectively.”

Ethereum ( ETH ) products also enjoyed $1 billion in inflows.

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