Cardano

Litecoin

Bitcoin

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<div class="dailyhodl">
 <p>Digital assets manager CoinShares says institutions poured $598 million into crypto investment products last week for a fourth consecutive week of inflows.</p>
 <p>In its latest Digital Asset Fund Flows&nbsp;report, CoinShares says that year-to-date inflows for crypto investment products are nearing the $6 billion mark.</p>
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 <p><em>“Digital asset investment products saw weekly inflows totaling US$598m, marking the fourth consecutive week of inflows. Year-to-date inflows have now surpassed the US$5.7bn mark, accounting for 55% of the record inflows witnessed in 2021.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://miro.medium.com/v2/resize:fit:4800/format:webp/1*3ZiXh0ecUSne-O2OamSe1g.png" alt="" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: CoinShares
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 <p>According to CoinShares, the US saw the most inflows at $610 million despite Grayscale suffering $436 million in outflows over the same period.</p>
 <p><em>“Brazil and Switzerland saw minor inflows at US$8.2m and US$2.1m respectively, while both Canada and Sweden saw outflows totaling US$18m and US$8m respectively.”</em></p>
 <p>Per usual, Bitcoin (BTC) enjoyed the lion’s share of inflows at $570 million. Short BTC products saw much smaller inflows at $3.9 million.</p>
 <p>While Solana (SOL) suffered $3 million in outflows possibly connected to a recent network outage, Ethereum (ETH), Chainlink (LINK) and XRP saw inflows.</p>
 <p><em>“Ethereum saw $17m inflows last week, while Chainlink and XRP saw inflows of US$1.8m and US$1.1m respectively.”</em></p>
 <p>Multi-asset crypto investment products, those investing in more than one crypto, brought in $6.8 million in inflows last week. Litecoin (LTC) and Cardano (ADA) brought in $1 million and $0.4 million over the same period.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/avalanche-of-institutional-capital-enters-crypto-markets-in-fourth-straight-week-of-inflows-coinshares-tbt80852.html">https://thebittimes.com/avalanche-of-institutional-capital-enters-crypto-markets-in-fourth-straight-week-of-inflows-coinshares-tbt80852.html</a></p>

Avalanche of Institutional Capital Enters Crypto Markets in Fourth Straight Week of Inflows: CoinShares

TheBitTimes

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