Institutions Send $3,300,000,000 of Inflows Into Crypto Products, According to CoinShares

Crypto insights firm CoinShares says that institutional investors poured over $3 billion into crypto investment vehicles last week.

In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that institutional investors have set a new record for inflows.

“Digital asset investment products saw inflows of US$3.3bn last week, extending the six-week streak to US$10.5bn. Year-to-date (YTD) inflows have now reached a new record of US$10.8bn, while total assets under management (AuM) briefly peaked at an all-time high of US$187.5bn earlier in the week.

We believe that growing concerns over the US economy, driven by the Moody’s downgrade and the resulting spike in treasury yields, have prompted investors to seek diversification through digital assets.”

Source: CoinShares

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