Bitcoin (BTC) and Ethereum (ETH) Lead $1,240,000,000 of Inflows to Crypto Products Despite Geopolitical Tensions: CoinShares
Digital asset management firm CoinShares says Bitcoin (BTC) and Ethereum (ETH) are leading crypto products into another week of inflows.
According to its latest Digital Asset Fund Flows Weekly Report, CoinShares says that institutional crypto investment vehicles enjoyed over $1 billion in inflows last week alone, despite geopolitical tensions.
“Digital asset investment products recorded their 10th consecutive week of inflows, totaling US$1.24bn last week and pushing year-to-date (YTD) inflows to a new high of US$15.1bn.
However, the surge in activity earlier in the week tapered off in the latter half, likely due to the US Juneteenth holiday and emerging reports of US involvement in the Iran conflict.”
