Institutional inflows into cryptocurrency products rose last week, as investment managers increased their exposure to Bitcoin (BTC) and leading altcoins, according to the latest CoinShares report. Total assets held by institutional managers reached $72.3 billion for the week ending Sunday, Oct. 17, the highest level on record. By comparison, institutional crypto holdings were worth $57 billion in March and reached $71.6 billion in May. For the latest week, digital asset investment products saw inflows totaling $80 million. Bitcoin products attracted the largest investments at $70 million, marking the fifth consecutive week of inflows. Institutional investors also increased their holdings of …
Institutional investors are continuing to pile into Bitcoin (BTC) despite prices pushing up to a five-month high. According to CoinShares’ Tuesday “Digital Asset Fund Flows Weekly” report, more than $226 million in capital flowed to institutional Bitcoin products this past week. Bitcoin products dominated inflows for the third consecutive week, posting a week-over-week increase of 227%. The heavy inflows coincided with the price of BTC gaining 12.5% for the week, with BTC sitting at around $54,000 on Friday. CoinShares attributes the positive shift in sentiment toward Bitcoin to recent statements from United States Securities and Exchange Commission Chairman Gary Gensler …
Institutional investors are pivoting back to digital gold with Bitcoin (BTC) investment products posting a third consecutive week of inflows. According to CoinShares’ latest “Digital Asset Fund Flows Weekly” report, BTC investment products generated $68.7 million worth of inflows between Sept. 27 and Friday, representing a 36% increase in exposure week-over-week. While products tracking BTC have now dominated inflows to digital asset products for two weeks in a row, the bullish turn comes fresh off a record streak of outflows that persisted for eight consecutive weeks until early September. Total inflows for digital investment products were $90 million for the …
Institutional investors were buying the dip on the back of China’s latest FUD, with digital asset investment products generating $95 million worth of inflows last week. According to CoinShares’ Monday “Digital Asset Fund Flows Weekly” report, a surge in dip buying helped drive a sixth consecutive week of inflows for institutional crypto investment products broadly. The $95 million worth of inflows between Sept. 20 and Friday marks a 126% weekly inflows increase. Bitcoin (BTC) and Ether (ETH) investment products led the pack with $50.2 million and $28.9 million worth of inflows, respectively. While BTC investment products have seen outflows in …
Cryptocurrency assets held by institutional managers rose for a fifth consecutive week, a sign that market participants had once again flipped bullish on Bitcoin (BTC) and the leading altcoins. Investment flows into crypto products totaled $42 million in the week ending on Sept. 19, with Bitcoin funds seeing inflows of $15 million, according to digital asset manager CoinShares. That’s only the third time in 16 weeks that BTC investment products saw positive inflows. All major assets registered a weekly increase, with investors buying up $6.6 million worth of Ether (ETH) products and $3.7 million worth of multi-asset funds. Investors also …
Institutional traders have flocked to Solana (SOL) as demand for Ether (ETH) and Bitcoin (BTC) exposure has flattened, with SOL investment products representing a whopping 86.6% of total weekly inflows to crypto investment products last week. According to Tuesday’s issue of CoinShares’ “Digital Asset Fund Flows Weekly,” SOL investment products saw inflows of $49.4 million between Sept. 6 and Friday. The combined total inflows for crypto investment products equated to $57 million for the week, with SOL seeing a 275% week-over-week increase to represent 86.6% of total inflow. The surging inflows to Solana products coincided with the price of SOL …
Institutional demand for altcoin exposure has surged to record levels, with the altcoin market share now representing a record 35% of capital locked in crypto investment products. According to the Sept. 7 issue of CoinShares’ Digital Asset Fund Flows Weekly, nearly 40% of the past week's inflows to digital asset investment products were allocated to instruments tracking altcoins. While $97.8 million was invested into crypto investment products combined between Aug. 30 and Sept. 3 to mark the sector’s third consecutive week of inflows, $38.9 million was invested into altcoin products. This past week also saw a sizeable increase in institutional …
Institutional inflows to altcoin investment products have continued to increase this past week, but the same cannot be said for Bitcoin (BTC). In its “Digital Asset Fund Flows Weekly” report on Monday, institutional asset manager CoinShares identified overall inflows of $24 million to altcoin-based investment products. The capital flows mark the second consecutive week of inflows to altcoin funds, with investments into altcoin products increasing by 14.3% compared to last week’s $21 million. Ether (ETH) was the favored asset among institutional investors, with ETH-based products posting a weekly inflow of $17.2 million. The report noted that products tracking Ether and …
Institutional investors are loading up on Solana (SOL), with one-third of inflows to crypto investment products being invested in instruments tracking Solana this past week. According to CoinShares’ Monday “Digital Asset Fund Flows Weekly” report, $7.1 million flowed into Solana investment products between Aug. 15 and Friday. While the price of SOL gained a meager 1.4% on spot markets over the same period, SOL has gained 110% from $35.58 since the start of August to trade for $75 as of this writing. CoinShares’ report notes that institutional crypto investment products bucked a six-week trend of outflows, with roughly $21 million …
Institutional crypto products have seen their fifth consecutive week of outflows despite the bullish momentum in the markets. In its Monday “Digital Asset Fund Flows Weekly” report, institutional asset manager CoinShares estimated that outflows totaled $26 million for the week. However, the report notes that outflows have shrunk compared to May and June when outflows surged to a record $141 million per week. Despite Bitcoin (BTC) gaining 17.5% over the past week, Bitcoin funds shed $33 million during the same period. CoinShares’ own BTC product was the biggest loser for the period with an outflow of $63.3 million, while the …
Institutional outflows from cryptocurrency funds intensified last week, a sign that fund managers were still taking profits on their Bitcoin (BTC) holdings following a historic run-up through April. Digital asset investment products saw cumulative outflows totaling $19.5 million for the week ended Friday, marking the fourth consecutive weekly drawdown, according to CoinShares data. The bulk of the outflows were concentrated in Bitcoin-focused funds, where assets under management declined by $20 million. That, too, was the fourth consecutive weekly decline. Meanwhile, funds dedicated to Ethereum (ETH) saw weekly outflows totaling $9.5 million. Related: Ethereum investment products see largest weekly outflows on …
Investments in institutional Bitcoin (BTC) products have continued to decline this past week. In its “Digital Asset Fund Flows Weekly” report on Monday, CoinShares notes that institutional crypto products have experienced outflows for the third consecutive week, with $28 million exiting the sector during the week ending on Friday. As such, the week saw a 170% increase in outflows compared to the $10.4 million for the previous seven days. The findings revealed that Bitcoin-based funds saw the largest outflows with $24 million, or 85% of combined outflows from crypto products. Monthly outflows for BTC are now at $49 million, although …