In a world where the sun sets on the old ways of finance, the wise men of Wall Street have turned their gaze toward the shimmering allure of crypto. CoinShares, that oracle of digital assets, has revealed that these institutional investors have unleashed a torrent of over $3 billion into the wild frontier of crypto investment vehicles just last week. Who knew money could flow like a river in spring?
According to their latest Digital Asset Fund Flows Weekly Report, these investors have not just dipped their toes but have cannonballed into the deep end, setting a new record for inflows. It’s as if they’ve found a golden goose that lays eggs of digital currency!
“Digital asset investment products saw inflows of US$3.3bn last week, extending the six-week streak to US$10.5bn. Year-to-date (YTD) inflows have now reached a new record of US$10.8bn, while total assets under management (AuM) briefly peaked at an all-time high of US$187.5bn earlier in the week.”
“We believe that growing concerns over the US economy, driven by the Moody’s downgrade and the resulting spike in treasury yields, have prompted investors to seek diversification through digital assets.”
Now, let’s talk geography. The United States, that great land of opportunity, led the charge with a staggering $3.2 billion in inflows last week alone. Australia, Hong Kong, and Germany followed like eager children at a candy store, with $10.9 million, $33.3 million, and $41.5 million, respectively. Meanwhile, Switzerland, the land of chocolate and neutrality, saw $16.6 million in outflows. Oops!
As is often the case, Bitcoin (BTC) basked in the glory, claiming the lion’s share of inflows at $2.9 billion. It’s like the prom queen of the crypto ball!
“… making up a quarter of total inflows for 2024. Meanwhile, some investors viewed recent price gains as a shorting opportunity, with short-Bitcoin products attracting US$12.7m, the highest weekly inflow since December 2024.”
Ethereum (ETH) products, not to be left out, enjoyed a respectable $326 million in inflows, while Solana (SOL) products barely made a splash with $4.3 million. And poor XRP products? They suffered a staggering $37.2 million in outflows, breaking a “remarkable” 80-week inflow streak. Talk about a fall from grace!
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2025-05-27 01:01