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CoinShares: Crypto investment inflows surge to highest levels since July



CoinShares reported two weeks of inflows into cryptocurrency investment products, totaling $78 million. A recent report indicates that investment products for digital assets have witnessed significant inflows in the past week, reaching the highest level since July of this year.

On October 9, CoinShares published a report revealing two consecutive weeks of inflows into crypto investment products, totaling $78 million. CoinShares states that the volume of crypto ETPs increased by 37% in the last week, reaching $1.1 billion. Additionally, the report notes a 16% increase in the volume of bitcoin on trusted exchanges.

Additionally, Solana, which ranks as the eighth-largest cryptocurrency in terms of market capitalization, has consistently strengthened its position as a preferred alternative digital currency. It has now seen its weekly influx of investments surge to its highest point since March 2022. According to CoinGecko, Solana has gained around 14% over the last 30 days but has experienced a decline of approximately 32% over the last year as of the time of writing.

Not all crypto investment products have experienced the same level of growth, with some showing only modest changes. Ethereum futures (ETFs) in the US attracted only around $10 million in investment during their first week of trading on Oct. 2, suggesting low interest from investors, according to CoinShares.

CoinShares also offered insights beyond asset analysis, highlighting that Europe accounted for a substantial 90% of all crypto asset inflows. In contrast, the United States and Canada combined for a relatively modest inflow of $9 million. According to the data, Germany and Switzerland contributed the most to the recent crypto asset inflows, with $37.3 million and $31.3 million, respectively. These two countries collectively held a significant 88% share of all inflows into cryptocurrency asset products during the previous week.

CoinShares is actively expanding its operations within the United States, marking its entry into the market with its inaugural offerings in September 2023. The company strongly believes in the U.S. as a prominent global hub for both digital asset innovation and regulatory advancements.


Read also: Vitalik offers solution against centralization risks of Ethereum’s staking model


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