A recent CoinShares report on digital asset flows showed a significant increase in investments in cryptocurrency products, reaching $4.39 billion.
CoinShares Weekly Report Results
According to the CoinShares report, in the past week, $4.39 billion was invested in cryptocurrency investment products, bringing the total annual inflows to $27 billion. Assets under management reached $220 billion.
Investment in Ethereum
Investments in Ethereum amounted to an impressive $2.12 billion, nearly doubling the previous record of $1.2 billion. Ethereum has maintained a streak of inflows for 13 weeks, now holding 23% of total assets under management. Since January, net inflows for Ethereum-related platforms have reached $6.2 billion.
Impact of US Investments
98% of the inflows came from the US, highlighting its critical role in driving global investment trends. Other countries like Switzerland, Hong Kong, and Australia also saw gains, while Brazil and Germany reported modest outflows.
The surge in cryptocurrency investments reflects increasing investor confidence and a shifting landscape in asset management. Ethereum plays a crucial role in this context.
