$13,800,000,000 Institutional Inflows at Highest Ever Yearly Rate, Far Surpassing 2021 Record: CoinShares

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Digital assets manager CoinShares says institutional investment in crypto products last week helped push inflows to their highest-ever year-to-date levels.

In its latest Digital Asset Fund Flows report, CoinShares says digital asset investment products brought in $646 million in inflows last week.

“Digital asset investment products saw continued positive sentiment with inflows totaling US $646 million last week. inflows year-to-date at US$13.8 billion are at their highest ever level, now far surpassing the US $10.6 billion seen in 2021.”

Source: CoinShares

However, according to CoinShares, weekly flows are still down from March, when Bitcoin (BTC) exchange-traded fund (ETF) hype was at its peak, leading the digital assets manager to speculate that ETF hype is dying down.

Furthermore, CoinShares says trading volumes are also down from early March – dropping from $43 billion to $17.4 billion.

International crypto sentiment remains divided, according to CoinShares.

“The US saw a further US $648 million inflows, along with Brazil, Hong Kong and Germany seeing inflows of US $10 million, US $9 million and US $9.6 million respectively. While Switzerland and Canada saw outflows of US $27 million and US $7.3 million respectively.”

Per usual, BTC received the lion’s share of inflows at $663 million.

“While short-bitcoin investment products saw outflows for the 3rd week in a row totaling US $9.5 million, suggesting minor capitulation amongst bearish investors.”

While Litecoin (LTC), Solana (SOL) and Filecoin (FIL) enjoyed inflows of $4.4 million, $4 million, and $1.4 million respectively, Ethereum (ETH) investment products saw outflows for the fourth week in a row, totaling $22.5 million.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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