According to CoinShares, institutional crypto investment vehicles saw a significant increase in inflows of nearly $225 million last week.
In their latest Digital Asset Fund Flows Weekly Report, CoinShares noted that although there was a positive trend in institutional crypto inflows, there has been a recent decline, possibly due to uncertainty surrounding US monetary policy.
“Digital asset investment products received $224 million in inflows last week, extending a 7-week streak to a total of $11 billion. However, there has been a slowdown in inflows due to uncertainty in monetary policy, as investors are waiting for further signals from the US Federal Reserve regarding inflation.”
The US led globally with $175 million in inflows, followed by Germany, Switzerland, Canada, and Australia with $47.8 million, $15.7 million, $9.8 million, and $6.5 million in inflows respectively.
“Minor outflows were observed in Brazil ($9.2 million) and Hong Kong ($14.6 million), with Hong Kong ending its record inflow streak.”
Ethereum (ETH) continued its seven-week inflow streak, accumulating $1.5 billion in total, with $296 million in inflows last week. This marks the strongest inflow period for ETH products since the US Election.
On the other hand, Bitcoin (BTC) experienced its second consecutive week of outflows, resulting in losses of $56.5 million.
“Altcoins remained quiet, with Sui receiving minor inflows of $1.1 million, while XRP saw its third week of outflows totaling $6.6 million.”
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