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