In a recent update from CoinShares, institutional investors made a significant move by purchasing a total of $619 million in Bitcoin and other crypto assets within a week.
Despite some outflows towards the end of the week, the overall trend showed a positive influx of funds into crypto products. In the first three days alone, there were $1.44 billion in inflows, followed by $829 million flowing out on Thursday and Friday due to market volatility linked to increasing oil prices.
Among the top performers, Bitcoin led the way with $521 million in inflows, followed by Ethereum with $88.5 million and Solana with $14.6 million. Smaller inflows were also recorded for Uniswap and Chainlink at $1.4 million each. However, XRP experienced outflows of $30.3 million.
Interestingly, short-Bitcoin products attracted $11.4 million, indicating mixed opinions within the investor community.
The positive flows were mainly driven by U.S. investors who contributed $646 million in new investments, while Europe saw outflows of $23.8 million. Asia and Canada also experienced smaller outflows.
CoinShares pointed out that these numbers reflect the resilient sentiment of investors towards digital assets, even amidst geopolitical tensions arising from the Iran attacks and disappointing payroll data.
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