.jpg)
Digital asset management firm CoinShares says institutional crypto investors are investing heavily in leading altcoin Ethereum (Ethereum).
In the latest digital asset fund flows a reportCoinShares said cryptocurrency investment products enjoyed inflows of $1.35 billion last week.
“Digital asset investment products saw further buying with inflows of $1.35 billion last week, bringing the total inflows over the past three weeks to $3.2 billion. Exchange-traded product volumes also increased significantly, up 45% week-on-week to $12.9 billion, but they represent a lower-than-usual 22% of the broader crypto market volumes.”
Regionally, the United States and Switzerland saw inflows of $1.3 million and $66 million, respectively.
Brazil and Hong Kong saw minor outflows of less than $7.5 million in total.
Bitcoin (BitcoinAs usual, the Middle East and North Africa (MENA) financial markets enjoyed the largest share of inflows, amounting to $1.27 billion.
However, the biggest story in last week’s flows was Ethereum, according to CoinShares.
“Ethereum’s outlook appears to have reached a turning point, with an additional $45 million inflow last week, surpassing Solana for the altcoin with the most inflows YTD at $103 million.”
Solana (Sol) enjoyed $9.6 million in inflows. Multi-asset cryptocurrency investment vehicles enjoyed $16.7 million in inflows. Litecoin (LTC), link chain (connection), Ripple currency And Cardano (ADA) It also brought in inflows of $2.2 million, $0.7 million, $0.5 million and $0.4 million respectively.
Don’t miss a moment Participate To receive email alerts delivered directly to your inbox
Checks Price movement
Follow us X, Facebook And cable
Surfing Hoddle’s Daily Mix
 
Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should conduct their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please note that your transfers and trades are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl engages in affiliate marketing.
Generated Image: Mid-Flight
