CoinShares Reports Significant Rebound in Institutional Investment
CoinShares, a prominent crypto asset management and research firm, reported a significant rebound in institutional investment last week, with millions of dollars flowing into altcoin products.
According to their latest Digital Asset Fund Flows Weekly Report, after a period of record outflows, the digital asset market saw a notable resurgence.
During the past week, investment products saw $226 million in inflows, reflecting a cautious yet optimistic sentiment from investors. Despite a sharp outflow last Friday—spurred by the U.S. personal consumption expenditures (PCE) report, which indicated higher-than-expected figures—the overall trend remains positive, with exchange-traded products (ETPs) experiencing a streak of nine consecutive days of inflows.
Bitcoin (BTC) remained the dominant asset, drawing in $195 million, while altcoins reversed a month-long trend of outflows. Ethereum (ETH), Solana (SOL), XRP, and Sui (SUI) led the charge among altcoins, each benefiting from a part of the $33 million inflow into alternative digital assets. This marked the first inflow for altcoins after a prolonged period of outflows totaling $1.7 billion.
Geographical Contributions to Inflows
Geographically, the U.S. was the largest contributor, with $204 million in inflows, followed by Switzerland and Germany, which added $14.7 million and $9.2 million, respectively.
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