Ethereum and Cardano Lead Institutional Altcoin Inflows As $1,100,000,000 Hits Crypto ETPs: CoinShares

Ethereum and Cardano Lead Institutional Altcoin Inflows As $1,100,000,000 Hits Crypto ETPs: CoinShares


Digital assets manager CoinShares says institutions poured $1.1 billion into crypto investment products one month after the U.S. Securities and Exchange Commission (SEC) approved spot BTC exchange-traded funds (ETFs).

In its latest Digital Asset Fund Flows report, CoinShares finds that crypto investment products saw over a billion dollars in inflows last week and show no signs of slowing.

“Digital asset investment products saw large inflows totaling $1.1 billion, bringing year-to-date inflows to $2.7 billion. Coupled with recent price rises, total assets under management (AuM) is at the highest level since early 2022 at $59 billion.”

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Source: CoinShares

According to CoinShares, most of the inflows were focused on BTC ETFs, which have reached almost $3 billion in the last month. The firm says Bitcoin’s price appreciation “buoyed

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