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<div class="dailyhodl">
 <p>Digital assets manager CoinShares says institutional investment in crypto products last week helped push inflows to their highest-ever year-to-date levels.</p>
 <p>In its latest Digital Asset Fund Flows&nbsp;report, CoinShares says digital asset investment products brought in $646 million in inflows last week.</p>
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 <p><em>“Digital asset investment products saw continued positive sentiment with in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> totaling US $646 million last week. in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> year-to-date at US$13.8 billion are at their highest ever level, now far surpassing the US $10.6 billion seen in 2021.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://a.storyblok.com/f/155294/2400x1440/1c990009e2/coinshares_fundflows_chart_flows_08042024.png/m/" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: CoinShares
  </figcaption>
 </figure>
 <p>However, according to CoinShares, weekly <a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> are still down from March, when Bitcoin (BTC) exchange-traded fund (ETF) hype was at its peak, leading the digital assets manager to speculate that ETF hype is dying down.</p>
 <p>Furthermore, CoinShares says trading volumes are also down from <a rel="noopener noreferrer nofollow" title="early" href="https://thebittimes.com/tag/early.html">early</a> March – dropping from $43 billion to $17.4 billion.</p>
 <p>International crypto sentiment remains divided, according to CoinShares.</p>
 <p><em>“The US saw a further US $648 million in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a>, along with Brazil, Hong Kong and Germany seeing in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> of US $10 million, US $9 million and US $9.6 million respectively. While Switzerland and Canada saw out<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> of US $27 million and US $7.3 million respectively.”</em></p>
 <p>Per usual, BTC received the lion’s share of in<a rel="noopener noreferrer nofollow" title="flows" href="https://thebittimes.com/tag/flows.html">flows</a> at $663 million.</p>
 <p><em>“While short-bitcoin investment products saw outflows for the 3rd week in a row totaling US $9.5 million, suggesting minor capitulation amongst bearish investors.”</em></p>
 <p>While Litecoin (LTC), Solana (SOL) and Filecoin (FIL) enjoyed inflows of $4.4 million, $4 million, and $1.4 million respectively, Ethereum (ETH) investment products saw outflows for the fourth week in a row, totaling $22.5 million.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/13-800-000-000-institutional-inflows-at-highest-ever-yearly-rate-far-surpassing-2021-record-coinshares-tbt84852.html">https://thebittimes.com/13-800-000-000-institutional-inflows-at-highest-ever-yearly-rate-far-surpassing-2021-record-coinshares-tbt84852.html</a></p>

$13,800,000,000 Institutional Inflows at Highest Ever Yearly Rate, Far Surpassing 2021 Record: CoinShares

TheBitTimes

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