Global blockchain supervision and query platform

English
Download

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares

Avalanche of Institutional Money Continues Into Crypto Products With $3,200,000,000 in Inflows: CoinShares WikiBit 2024-12-17 07:20

Digital assets manager CoinShares says institutional investors poured a record $3.2 billion into cry

Digital assets manager CoinShares says institutional investors poured a record $3.2 billion into crypto investment vehicles last week.

In its latest Digital Asset Fund Flows report, CoinShares says that last week, institutional crypto investment products saw net inflows that brought yearly flows to $44.5 billion, a new record.

Digital asset investment products saw a continuation of inflows last week totaling US$3.2bn, the 10th consecutive week, with inflows this year so far now totaling an astonishing US$44.5bn, more than quadruple that of any other year.

Trading volumes in exchange-traded products (ETPs) have averaged US$21bn a week, comprising 30% of the bitcoin traded on trusted exchanges. Bitcoin volumes on trusted exchanges (all investment types) is highly liquid, having averaged US$8.3bn a day this year, double that of the Financial Times Stock Exchange (FTSE) 100.

According to CoinShares, all regions internationally saw inflows to crypto. The United States, Switzerland, Germany and Brazil led the charge with inflows of $3.1 billion, $36 million, $33 million and $25 million, respectively.

Bitcoin (BTC) products reached yearly inflows of $38 billion after last weeks additional inflows of $2 billion.

“Altcoin XRP saw inflows of US$145m as hopes rise for a US-listed ETF, while Polkadot and Litecoin saw inflows of US$3.7m and US$2.2m respectively.”

Ethereum (ETH) products also enjoyed $1 billion in inflows.

Generated Image: DALLE3

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

  • Crypto token price conversion
  • Exchange rate conversion
  • Calculation for foreign exchange purchasing
/
PC(S)
Current Rate
Available

0.00