Digital assets manager CoinShares says institutional investors are bullish on Bitcoin (BTC) and altcoins as crypto sees over $120 million in inflows last week.
In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that institutional investors poured $125 million into the crypto markets last week, the second week of significant inflows in a row.
“Digital asset investment products saw a second week of inflows totaling US$125m, bringing the last two weeks of inflows to US$334m, representing almost 1% of total assets under management (AuM). Recent price appreciation saw AuM rise to US$37bn during the week, the highest point since early June 2022 and matching the average AuM for 2022. Trading activity remained high at US$2.3bn for the week, well above the US$1.5bn year-to-date average.”
Source: CoinShares
BTC took the lion’s share of investor inflows to the tune of $123 million.
“Bitcoin remained the primary focus of investors, seeing inflows of US$123m, with the l
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