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CoinShares Reports Largest Inflows Into Crypto Investment Products In Five Weeks

By Akriti Seth

Last Updated: Aug 26, 2024

Fact checked

By Sam Cooling

CoinShares

CoinShares, a leading digital asset investment firm, reported the largest inflows into crypto investment products in five weeks.

“Last week, digital asset investment products saw inflows totalling $533 million, marking the largest inflows in five weeks,” the CoinShares 26th August 2024 report said. “Bitcoin was the primary focus, seeing $543 million of inflows, indicating its sensitivity to interest rate expectations.”

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Crypto Investment Products Peak Despite Fluctuating Market Conditions

According to CoinShares’ latest reports, the inflows into crypto investment products reached a notable peak, marking the highest level observed in over a month. 

This increase is noteworthy given the fluctuating market conditions that have persisted throughout the year.

The company found that a month in from the ETH ETF launches, the new Ethereum ETFs saw $3.1 billion of inflows, partially offset by outflows from the Grayscale Trust.

This surge in investment activity underscores a renewed interest in digital assets, despite the ongoing volatility that characterizes the market.

“Last week, digital asset investment products experienced minor inflows totalling US$30m, Ethereum saw only US$4.2m inflows, Solana saw outflows of US$39m and Bitcoin saw the most significant inflows, totalling US$42m,” CoinShares reported on 19 August 2024. 

While Bitcoin remains the leader, Ethereum and other altcoins have also attracted substantial investments.

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US Saw Maximum Inflows, CoinShares Report Finds

According to the report, the US saw the lion’s share of inflows at $498 million. Hong Kong and Switzerland also saw notable inflows totalling $16 million and $14 million respectively.

The overall sentiment in the crypto market has seen a positive shift. Investors are increasingly showing confidence in the long-term potential of digital assets.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

 

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Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Akriti Seth
Akriti Seth
Editor

Akriti Seth is a Zurich-based Business Journalist and Crypto Editor. Her passion for journalism has taken her across the globe – from thriving as an on-television correspondent to writing engaging articles, she has worked for companies like Informa UK, Bloomberg... Read More

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