Institutional investors just bought an overall total of $857.9 million in Bitcoin and crypto assets in one week, according to a new update from CoinShares.
The inflows mark the sixth consecutive positive week and the largest weekly total since April 24th.
Bitcoin dominated the flows with $706.1 million in inflows, pushing year-to-date flows for Bitcoin products to $4.9 billion.
Short-Bitcoin products saw $14.4 million in outflows, which is the largest weekly total this year.
Altcoin participation broadened, with Ethereum recording $77.1 million in inflows, reversing the prior week’s outflows.
Solana attracted $47.6 million, XRP drew $39.6 million and multi-asset products posted $5.5 million in outflows.
The surge coincided with Bitcoin breaking above $80,000 mid-week amid improving sentiment around the CLARITY Act stablecoin yield compromise.
The US led the buying with $776.6 million, a sharp recovery from the previous week. Germany added $50.6 million, Switzerland $21.1 million, and the Netherlands $5.0 million.
Total assets under management in digital asset investment products rose to $160 billion.
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The post Institutional Investors Pour $857,900,000 Into Bitcoin and Crypto Assets in One Week: CoinShares appeared first on The Daily Hodl.
