CandleFocus Institutional Crypto Products See $2,200,000,000 in Weekly Flows Setting Year-to-Date Record: CoinShares
2024-11-19
Author: Content Editor
Institutional investors invested more than $2 billion in crypto products last week, according to a report by digital assets manager CoinShares. The report showed that digital asset investment products received net inflows of $2.2 billion, bringing the total inflows since September to $11.7 billion. Inflows for the year reached a record $33.5 billion. The surge in inflows can be attributed to looser monetary policy from the Federal Reserve and the Republican party's election victory. The US led the world in inflows, with $2.2 billion invested, with Bitcoin receiving the largest share of inflows at $1.48 billion. Ethereum and Solana also received significant inflows of $646 million and $24 million respectively.
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