According to a recent CoinShares report, investments in digital assets reached $3.7 billion in the last week, highlighting growing interest from institutional investors in Bitcoin and Ethereum.
Bitcoin Sets Records with $2.7 Billion
CoinShares reported that Bitcoin attracted $2.7 billion, comprising 54% of gold ETP's total AuM. This marks the second-largest inflow in history for digital asset products.
Ethereum Records Sustained Inflows for 12 Weeks
Ethereum also showed positive results, gaining $990 million in the last week, marking 12 consecutive weeks of inflows. This total capital influx highlights the stability and ongoing interest from institutional investors.
Overall Trends and Market Reactions
ETP trading volume reached $29 billion, pushing assets under management over $200 billion for the first time. Despite the absence of official statements from organizations like the SEC, market participants see trends based on market confidence in cryptocurrencies.
The significant increase in inflows indicates that Bitcoin and Ethereum continue to be appealing to institutional investors, reflecting growing interest and confidence in the cryptocurrency market.
