Institutional investors ride the record-breaking momentum of the crypto industry and plunge billions into investment vehicles into digital assets, Coinshares reports Coinshares.
According to the latest digital actival fund flows reportInstitutional investors coughed only $ 3.7 billion in crypto intake last week.
“Digital investment products for assets saw in the $ 3.7 billion influx last week, which was the 2nd largest weekly inflow on record. Especially July 10, the third highest daily influx ever registered. This also represents the 13th consecutive week of inflow, which pushes the cumulative to $ 21.8 billion to $ 21.8 billion and year
Assets in Management (AUM) rose for the first time past the threshold of US $ 200 billion and reached a new record of $ 211 billion. ETP trade volumes (Exchange Traded Product) reached $ 29 billion, twice the weekly average of this year. “
The US led $ 3.7 billion in inflow worldwide. Switzerland and Canada followed with $ 65.8 million and $ 17.1 million in inflow respectively, while Germany laughed to an amount of $ 86 million.
Top Crypto Asset from Market Cap Bitcoin (BTC), according to usual, enjoyed the lion’s share of $ 2.7 billion inflow.
“For the first time this is equal to 54% of the total AUM in gold ETPs. Short Bitcoin ETPs showed minimal activity.”
Ethereum (ETH) continued his 12 -week inflow last week with $ 990 million. In the meantime, XRP and Solana (SOL) also enjoyed a large influx of $ 104 million and $ 92.6 million respectively.
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