• CoinShares finds that institutional investors poured $137 million into the crypto markets last week, continuing a four-week run of inflows that has seen $742 million poured into the markets.
• Most of the inflows originated from North American investors, with $109 million coming from US investors alone.
• Bitcoin, in step with its share of the market, took home most of the inflows while Ethereum (ETH) suffered outflows of $1.6 million.
Institutional Investors Pour Big Money Into Crypto Markets
CoinShares, a digital asset manager, reports that institutional investors are increasing their conviction in Bitcoin (BTC) and other cryptocurrencies more than they have since 2021. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that institutional investors poured $137 million into the crypto markets last week — totaling an impressive $742 million over a 4-week run of inflows.
US Institutional Investors Lead The Way
Most of these investments came from North American investors — with US institutions leading the charge by contributing $109 million to this surge in capital allocation. Trading volumes on investment products exceeded year averages by reaching $2.3 billion, making up 11% of total crypto volumes compared to the average 2%.
Bitcoin Takes Home Most Of The Inflows
Unsurprisingly, Bitcoin saw most of these inflows at around 99%, totalling about 140M USD for last week alone. Short bitcoin investment products experienced outflows — dropping from 198M USD peak in April to just 55M USD recently due to appreciation in price and reduced interest among investors.
Other Cryptos Gain Smaller Share Of Inflows
Litecoin (LTC), Solana (SOL), XRP , Cardano (ADA) and Polygon (MATIC) all enjoyed small inflows amounting less than 0.5M USD each last week; whereas Ethereum (ETH) experienced outflows amounting at 1.6M USD approximately during the same period.
The data provided by CoinShares shows how institutional money continues to flow into cryptocurrency markets despite recent fluctuations; providing a strong indication that confidence among big players remains steady as ever despite short term downturns in prices or sentiment swings among retail traders and HODLers alike.