Institutional investors are piling into cryptocurrencies, with a massive $3.2 billion flowing into investment products last week alone, according to CoinShares.
Record-Breaking Inflows
This brings the total for the year to a staggering $44.5 billion—more than four times any previous year. This marks the tenth consecutive week of inflows. The report also highlights that weekly trading volume in exchange-traded products (ETPs) averages $21 billion, representing 30% of all Bitcoin traded on reputable exchanges. Daily Bitcoin trading volume across all investment types averages $8.3 billion, double that of the FTSE 100.
Global Investment Surge
The influx of money wasn’t limited to one region; CoinShares noted inflows across the board. The US led the way with $3.1 billion, followed by Switzerland ($36 million), Germany ($33 million), and Brazil ($25 million).
Bitcoin and Beyond
Bitcoin (BTC) investment products saw yearly inflows of $38 billion, boosted by an additional $2 billion last week. Other cryptocurrencies also saw significant interest. XRP received $145 million in inflows, likely fueled by anticipation of a US-listed ETF. Polkadot and Litecoin also saw smaller inflows of $3.7 million and $2.2 million, respectively. Ethereum (ETH) products attracted $1 billion in inflows.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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