CoinShares Reports Largest Inflows Into Crypto Investment Products In Five Weeks

CoinShares, a leading digital asset investment firm, reported the largest inflows into crypto investment products in five weeks.

“Last week, digital asset investment products saw inflows totalling $533 million, marking the largest inflows in five weeks,” the CoinShares 26th August 2024 report said. “Bitcoin was the primary focus, seeing $543 million of inflows, indicating its sensitivity to interest rate expectations.”

Inflows into #crypto products intensified = +$533 million for the week (vs. +$30 million a week earlier) – Coinshares report pic.twitter.com/gn5qRm7gmf

— Layer Alpha (@LayerAlpha) August 26, 2024

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Crypto Investment Products Peak Despite Fluctuating Market Conditions

According to CoinShares’ latest reports, the inflows into crypto investment products reached a notable peak, marking the highest level observed in over a month. 

This increase is noteworthy given the fluctuating market conditions that have persisted throughout the year.

The company found that a month in from the ETH ETF launches, the new Ethereum ETFs saw $3.1 billion of inflows, partially offset by outflows from the Grayscale Trust.

This surge in investment activity underscores a renewed interest in digital assets, despite the ongoing volatility that characterizes the market.

“Last week, digital asset investment products experienced minor inflows totalling US$30m, Ethereum saw only US$4.2m inflows, Solana saw outflows of US$39m and Bitcoin saw the most significant inflows, totalling US$42m,” CoinShares reported on 19 August 2024. 

While Bitcoin remains the leader, Ethereum and other altcoins have also attracted substantial investments.

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US Saw Maximum Inflows, CoinShares Report Finds

According to the report, the US saw the lion’s share of inflows at $498 million. Hong Kong and Switzerland also saw notable inflows totalling $16 million and $14 million respectively.

The overall sentiment in the crypto market has seen a positive shift. Investors are increasingly showing confidence in the long-term potential of digital assets.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.