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CoinShares, a digital asset management firm, has reported a significant influx of institutional capital into the crypto markets, indicating a positive shift in investor sentiment. This information comes from CoinShares’ most recent Digital Asset Fund Flows Weekly <a href="https://blog.coinshares.com/volume-137-digital-asset-fund-flows-weekly-report-a6eaca3b9dd9" target="_blank" rel="noreferrer noopener">Report</a>. 
According to the report, the crypto markets have seen the highest inflows for 2023, following BlackRock’s application for a bitcoin exchange-traded fund (<a href="https://crypto.news/tag/etf/" data-type="URL" data-id="https://crypto.news/tag/etf/">ETF</a>) with the U.S. Securities and Exchange Commission (SEC). 
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The week witnessed the most significant weekly inflows since July 2022, amounting to $199 million. This influx corrected nearly half of the outflows observed over the previous nine consecutive weeks. 
The report further stated that exchange-traded product (ETP) trading volumes were 170% of the average for the current year, totaling $2.5 billion for the week. CoinShares attributes this renewed optimism to recent announcements from high-profile ETP issuers that have applied for physically backed ETFs with the SEC. The total assets under management (AuM) now stand at $37 billion, the highest since before the collapse of <a href="https://crypto.news/tag/three-arrows-capital/" data-type="URL" data-id="https://crypto.news/tag/three-arrows-capital/">Three Arrows Capital</a>. 
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Regarding market share, bitcoin products absorbed most inflows with $188 million, while short-bitcoin products experienced outflows for the ninth consecutive week. 
Other digital assets, including ethereum and multi-asset ETPs, also saw a significant increase, receiving inflows of $7.8 million and $8.1 million, respectively. In the past week, altcoins such as <a href="https://crypto.news/price/xrp/" data-type="URL" data-id="https://crypto.news/price/xrp/">XRP</a> and <a href="https://crypto.news/price/solana/" data-type="URL" data-id="https://crypto.news/price/solana/">Solana</a> recorded minor inflows of $0.24 million and $0.17 million, respectively. 
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This data underscores institutional investors’ growing interest and confidence in the crypto market, driven by positive developments and regulatory advancements. However, it’s important to note that investing in cryptocurrencies involves a high degree of risk, and investors should exercise due diligence before making any investment decisions. 
 Read more: <a href="https://crypto.news/microstrategys-michael-saylor-gives-audacious-forecast-for-bitcoin/"> MicroStrategy’s Michael Saylor gives audacious forecast for bitcoin </a>

CoinShares reports surge in institutional capital in crypto markets

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