Digital asset investment products surpassed the previous week’s all-time record of $2.7 billion. This saw a new record weekly inflow of $2.9 billion. This week’s inflows bring year-to-date inflows to $13.2 billion. It surpassed the previous bull year’s $10.6 billion inflows in all of 2021. Meanwhile, Smart Contracts suffered losses last week. Institutional money exited Ethereum, Polygon, and Solana. However, 4 altcoins recorded fund inflows.
Cryptocurrency asset products saw record inflows!
cryptokoin.comAs you follow from , institutional interest in the crypto market is increasing. Digital asset investment products surpassed the previous week’s all-time record of $2.7 billion. During this period, crypto investment products saw record weekly inflows of $2.9 billion. Meanwhile, year-to-date inflows have increased to $13.2 billion. Thus, it surpassed the $10.6 billion inflow in the whole of 2021.
Transaction volumes totaled $43 billion, the same as previous week records. This accounted for 47% of total global Bitcoin transaction volumes. During the week, global ETPs surpassed $100 billion for the first time. However, the price correction over the weekend settled at $97 billion.
USA was again ahead in entries
Regionally, there was $2.95 billion inflow to the US. Besides this, there were smaller inflows into Australia, Brazil and Hong Kong of $5 million, $24 million and $15 million respectively. A total outflow of 78 million dollars was experienced in Canada, Germany, Sweden and Switzerland last week. This year hasn’t gotten off to a good start, seeing outflows of $685 million so far.
Ethereum, SOL and MATIC saw outflows, while BTC and 4 altcoins saw inflows
Bitcoin saw $2.86 billion in inflows last week. This now accounts for 97% of all entries year-to-date. Short Bitcoin investment products recorded their biggest inflow in a year with $26 million for the 5th week in a row. Meanwhile, smart contracts suffered last week. Ethereum, Solana, and Polygon saw outflows of $14 million, $2.7 million, and $6.8 million, respectively. However, there has been entry into Binance (BNB), Litecoin (LTC), Cardano (ADA), and Polkadot (DOT). Blockchain stocks saw inflows of $19 million for the first time after 6 weeks of outflows.
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