According to digital asset management firm CoinShares, institutional investors have continued to buy crypto products for the fifth consecutive week. Last week, over $1 billion was invested in cryptocurrency investment products, indicating sustained interest despite market downturns. CoinShares reports that the total inflows for the year have now reached $7.3 billion. However, the recent decline in crypto prices has resulted in a decrease in total assets under management in exchange-traded products (ETPs) to $163 billion, down from the peak of $181 billion in January. Weekly trading volumes remained stable at $20 billion.
In terms of institutional inflows, the United States accounted for $1 billion, while Germany, Switzerland, and Canada contributed $61 million, $54 million, and $37 million respectively.
For the first time this year, Ethereum led the inflows, attracting $793 million in investments as its price dropped to around $2,100, surpassing Bitcoin’s $407 million in inflows. Among altcoins, XRP saw the highest inflows at $21.1 million, followed by Solana with $11.2 million. Multi-asset investment products attracted $14.4 million, while Sui investment vehicles recorded $4.3 million in inflows.