Cryptoasset investment management firm CoinShares reported record weekly inflows of $2.7 billion last week. Because the inflow has reached a total of 10.3 billion dollars since the beginning of the year. This approaches the record annual inflow of $10.6 billion for all of 2021. Meanwhile, there were also large fund inflows for cryptos such as DOT coin, XRP, and SOL. Here are the details…
CoinShares’ report announced: AuM broke a record
Crypto asset management company CoinShares has published a new report. According to the report, driven by recent price increases, total assets under management (AuM) also reached a record level of $94.4 billion, representing an 88% increase since the beginning of the year. Weekly trade turnover reached 43 billion dollars. This broke the previous record of $30 billion, set just a week ago.
Bitcoin continued to be the primary focus of investors, attracting $2.6 billion in inflows last week. Year-to-date inflows for Bitcoin now represent 14% of total AuM. Interestingly, despite the bullish sentiment, there was also an inflow of $11 million into short Bitcoin positions.
There is an exit from Ethereum
cryptokoin.com As we reported, smart contracts platform Solana, which experienced negative emotions, attracted attention. Because last week, it reversed the sentiment with an inflow of 24 million dollars. In contrast, Ethereum, which has performed well on year-to-date inflows, has seen small outflows of $2.1 million.
The United States led the way in terms of inflows with $2.8 billion, followed by Switzerland ($21 million) and Brazil ($18 million). Canada, Germany, and Switzerland all experienced for-profit outflows of $35 million, $77 million, and $39 million, respectively. Data from CoinShares also provides a more detailed view of inflows and outflows across various providers, asset types, and exchange countries.
There is access to DOT coin and these cryptos
Grayscale Investments remains the leading provider with $39.8 billion in AUM, but saw outflows of $1.65 billion last week. iShares ETFs from the US witnessed strong inflows of $2.07 billion. Bitcoin unsurprisingly dominates asset inflows with $71.8 billion. It is followed by Ethereum with $16.8 billion.
There were small inflows into Polkadot ($2.7 million), Fantom ($2 million), Chainlink ($2 million) and Uniswap ($1.6 million). The US continues to lead in terms of AuM with $74 billion, followed by Switzerland ($4.9 billion) and Germany ($4.4 billion). There were outflows from exchange countries, especially in Canada, Germany and Switzerland.
Record inflows and rising AuM indicate an increase in investor confidence in the crypto asset space. Bitcoin remains the dominant player but altcoins like Solana are showing signs of recovery. With increasing institutional adoption and regulatory clarity, the future of crypto assets looks bright.
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