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MainNewsCrypto AuM H...

Crypto AuM Hits A Record $187.5 Billion As Top Institutions Increasingly Embrace Digital Assets


by Victor Joel
for CoinEdition
Digital Asset Investment Product Inflows Hit Record High Levels Per CoinShares Report Bitcoin ETH Lead XRP Sees Outflow.
  • Digital asset investment products saw $3.3B in inflows last week, marking the sixth consecutive week of net gains.
  • CoinShares links this strong trend to U.S. economy concerns; Bitcoin ($2.9B) and Ethereum ($326M) led these inflows.
  • In a notable shift, XRP experienced a record $37.2M outflow, which ended its long 80-week inflow streak, reports CoinShares.

Digital asset investment products attracted a hefty $3.3 billion last week, notching their sixth consecutive week of steady capital flows. This strong run has pushed net inflows for the year-to-date to a new record high of $10.8 billion. Meanwhile, total assets under management (AuM) in these products also climbed to a new all-time high of $187.5 billion, signaling growing investor engagement with digital assets.

According to CoinShares’ latest report, growing concerns about the U.S. economy, especially following Moody’s credit rating downgrade and rising treasury yields, have driven investors to diversify into digital assets. The United States dominated inflows, contributing $3.2 billion in fresh capital during the week.

Bitcoin and Ethereum Lead Inflows as XRP’s Streak Ends

Bitcoin received the …

The post Crypto AuM Hits A Record $187.5 Billion As Top Institutions Increasingly Embrace Digital Assets appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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MainNewsCrypto AuM H...

Crypto AuM Hits A Record $187.5 Billion As Top Institutions Increasingly Embrace Digital Assets


by Victor Joel
for CoinEdition
Digital Asset Investment Product Inflows Hit Record High Levels Per CoinShares Report Bitcoin ETH Lead XRP Sees Outflow.
  • Digital asset investment products saw $3.3B in inflows last week, marking the sixth consecutive week of net gains.
  • CoinShares links this strong trend to U.S. economy concerns; Bitcoin ($2.9B) and Ethereum ($326M) led these inflows.
  • In a notable shift, XRP experienced a record $37.2M outflow, which ended its long 80-week inflow streak, reports CoinShares.

Digital asset investment products attracted a hefty $3.3 billion last week, notching their sixth consecutive week of steady capital flows. This strong run has pushed net inflows for the year-to-date to a new record high of $10.8 billion. Meanwhile, total assets under management (AuM) in these products also climbed to a new all-time high of $187.5 billion, signaling growing investor engagement with digital assets.

According to CoinShares’ latest report, growing concerns about the U.S. economy, especially following Moody’s credit rating downgrade and rising treasury yields, have driven investors to diversify into digital assets. The United States dominated inflows, contributing $3.2 billion in fresh capital during the week.

Bitcoin and Ethereum Lead Inflows as XRP’s Streak Ends

Bitcoin received the …

The post Crypto AuM Hits A Record $187.5 Billion As Top Institutions Increasingly Embrace Digital Assets appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Crypto Trader Loses $28 Million HYPE Token Profit in 4 Days, Lookonchain Reports

Crypto Trader Loses $28 Million HYPE Token Profit in 4 Days, Lookonchain Reports

A cryptocurrency trader has caught users’ attention after on-chain data showed the in...
Altcoins on Divergent Paths: XRP Nears Breakout Level, Solana Holds Key Support, Shiba Inu Flashes Bearish Warnings

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As the crypto market stagnates with Bitcoin (BTC) at $105K, top altcoins like XRP, So...