Institutions Pour Nearly $2,000,000,000 Into Crypto Products Amid Political and Macro Shift: CoinShares

Institutions Pour Nearly $2,000,000,000 Into Crypto Products Amid Political and Macro Shift: CoinShares

Digital assets manager CoinShares says that institutional investors dropped nearly two 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 inflows to the tune of $1.98 billion on net last week.

CoinShares attributes the stream of inflows to “macroeconomic factors and US political shifts.”

Source: CoinShares

Most inflows came from the US, which provided $1.95 billion of the inflows. In other regions, Switzerland and Germany raked in $23 million and $20 million in inflows respectively.

Per usual, Bitcoin (BTC) was the focus of the lions share of inflows at $1.8 billion.

Says CoinShares,

Ethereum (ETH) saw a trend reversal with inflows of $157 million, marking the smart contract platform‘s biggest week of inflows since ETH’s first exchange-traded fund (ETF) product launched in July.

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