Institutional Investors Pour $1 Billion Into Crypto, Ethereum Leads Inflows
Institutional investors have maintained their buying momentum in crypto products for the fifth consecutive week, according to digital asset management firm CoinShares.
Over $1 billion flowed into cryptocurrency investment products last week, signaling continued interest despite market downturns.
CoinShares reports that total inflows for the year have now reached $7.3 billion. However, the recent decline in crypto prices has reduced total assets under management in exchange-traded products (ETPs) to $163 billion, down from a peak of $181 billion in January. Weekly trading volumes remained steady at $20 billion.
The United States dominated institutional inflows, accounting for $1 billion, while Germany, Switzerland, and Canada contributed $61 million, $54 million, and $37 million, respectively.
READ MORE:
Bitcoin’s Final Surge? Economist Predicts Massive Crypto RallyEthereum led inflows for the first time this year, attracting $793 million in investments as its price dipped near $2,100, surpassing Bitcoin’s $407 million in inflows.
Among altcoins, XRP saw the highest inflows at $21.1 million, followed by Solana with $11.2 million. Multi-asset investment products attracted $14.4 million, while Sui investment vehicles recorded $4.3 million in inflows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bank of England boss says stablecoins require 'high bar' regulations, still exploring a UK CBDC
Bank of England Governor Andrew Bailey said that bitcoin and stablecoins will require different approaches to regulation.The central bank chief also confirmed it was still looking into a CBDC in collaboration with the UK government.
![](https://img.bgstatic.com/multiLang/image/social/acd286985db88dc08e54c0a0017a25201739291033406.jpg)
Sol Strategies tapped as staking provider for 3iQ’s proposed Solana Staking ETF in Canada
3iQ submitted on Jan. 28 the preliminary prospectuses with the Ontario Securities Commission and other Canadian regulators to list the 3iQ Solana Staking ETF.As of Jan. 31, Sol Strategies and its subsidiaries held an aggregate of 189,968 SOL, worth about $38 million at press time.
![](https://img.bgstatic.com/multiLang/image/social/5d411af22b131c7ece917db666b6abcd1739291033100.jpg)
LAYERUSDT now launched for futures trading and trading bots
Bitget Spot Bot adds LAYER/USDT
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)