Institutional Crypto Products See $2,000,000,000 in Inflows Amid ‘Dramatic’ Sentiment Shift: CoinShares
Crypto asset manager CoinShares says institutional digital asset investors have poured $5.5 billion into crypto over the past three weeks.
According to its latest Digital Asset Flows Weekly report, CoinShares says that crypto products enjoyed inflows of $2 billion last week alone.
“Digital asset investment products recorded a third consecutive week of inflows, totaling US$2bn last week. This brings total inflows over the past three weeks to US$5.5bn, marking a dramatic shift in sentiment following nine weeks of significant outflows.
Total inflows year-to-date (YTD) now total US$5.6bn while recent price moves have seen total assets under management (AuM) rise to US$156bn, the highest point since mid-February this year.”
