$3.3 Billion Floods Into Crypto in One Week, What’s Fueling the Surge?
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Crypto asset investment products continued to see significant inflows last week, according to CoinShares’ latest weekly report. The firm reported $3.3 billion in inflows during the week ending May 24, pushing the year-to-date (YTD) total to $10.8 billion, a new record for 2024.
This marks the sixth consecutive week of inflows, signaling sustained investor demand for crypto assets amid growing macroeconomic concerns. CoinShares noted that total assets under management (AuM) briefly reached a new all-time high of $187.5 billion earlier in the week before retreating slightly.
