Institutional investors invest $619,000,000 in Bitcoin and crypto assets in one week: CoinShares

Institutional investors invest 9,000,000 in Bitcoin and crypto assets in one week: CoinShares

Institutional investors just bought a total of $619 million worth of Bitcoin and crypto assets in one week, according to a new update from CoinShares.

The departures came despite significant departures later in the week.

Crypto products saw inflows of $1.44 billion during the first three days, then $829 million outflowed on Thursday and Friday amid market volatility tied to rising oil prices.

Bitcoin led the gains with $521 million in inflows, while Ethereum attracted $88.5 million. Solana added $14.6 million. The smallest inflows went to Uniswap and Chainlink, at $1.4 million each.

XRP was the outlier, with $30.3 million in outflows.

Bitcoin shorts also raised $11.4 million, showing divided opinions.

US investors fueled positive flows with $646 million in new money. Europe recorded capital outflows worth $23.8 million. Minor outflows affected Asia and Canada.

CoinShares says the figures highlight resilient investor sentiment toward digital assets during geopolitical stress over the Iran attacks and weak payroll data.

Follow us on X, Facebook and Telegram

Don’t miss a thing – sign up to receive email alerts directly to your inbox

Check price action

Surf Hodl’s Daily Mix

&nbsp

Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and trading are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any asset, including cryptocurrencies, nor is it an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Image generated: Halfway through the trip

Leave a Reply

Your email address will not be published. Required fields are marked *