$3,124,000,000 Hits Bitcoin ETFs In Largest Weekly Inflows on Record: CoinShares
Digital assets manager CoinShares says institutional investors dropped over three billion dollars into crypto products last week. In its latest Digital Asset Fund Flows report , CoinShares says that institutional crypto investment products saw a surge in net inflows of $3.13 billion last week, a new inflow record. “Digital asset investment products saw the largest weekly inflows on record, totaling US$3.13bn, bringing total inflows since mid-September, when interest rates were first cut in the US, to US$15.2bn. Year-to-date inflows now stand at a record $37bn, driven primarily by Bitcoin, far outpacing the debut of US Gold ETFs, which attracted just $309 million in their first year.” Source: CoinShares The US led the world regionally in inflows at $3.2 billion. Germany, Sweden, and Switzerland cut into the inflows with a total combined $141 million in outflows. “More positive sentiment was seen in Australia, Canada and Hong Kong, with inflows ...