Institutional investors have redirected their focus to cryptocurrency investment products. According to CoinShares’ weekly report, a total of $644 million flowed into digital asset investment tools last week. This shift occurred after a five-week streak of continuous outflows, indicating a notable turnaround in investor sentiment and suggesting a market rebound.
Significant Inflow from the US
The “Digital Asset Fund Flows Weekly Report” by CoinShares highlighted that the $644 million influx was predominantly from the United States. The US alone accounted for $632 million of this investment, positioning it at the center of institutional investor interest.
Europe also contributed significantly, with Switzerland adding $16 million, Germany $14 million, and Hong Kong $1.2 million. The company noted a 6.3% increase in total assets under management since reaching a low level on March 10. This growth reflects a renewed positive outlook among investors towards the market.
Bitcoin Sees Record Investment
The report indicated that Bitcoin $87,128 experienced the highest investment inflow, with $724 million entering Bitcoin investment products weekly. This surge highlights a regained confidence in Bitcoin after five weeks of outflows, signaling a significant shift in investor sentiment.
Other cryptocurrencies also saw limited positive contributions, with projects like Solana $138, Polygon, and Chainlink
$15 gaining some interest, albeit at lower levels. This trend suggests that investors are cautiously re-engaging with alternative cryptocurrencies.
Despite the overall positive trend, some cryptocurrency investment products continued to see outflows. Ethereum $2,009 recorded an outflow of $86 million last week, indicating that investors remain cautious towards certain major altcoins.