Capital Inflows into Crypto Investment Products, Hit a 3-Month High of $193m - BitcoinEthereumNews.com
Bitcoin (BTC) took the lions share of these inflows at $98 million, driving year-to-date investments to $162 million. Per the report: “Following last weeks price recovery, total assets under management (AUM) now sit at $57 billion. Regionally, the majority (76%) of inflows came from Europe at $147 million, while the Americas lagged at $45 million, with some providers continuing to see minor outflows.” Solana (SOL) also witnessed notable investments of $87 million, representing 36% of AUM. With an AUM of $241 million, Solana emerged as the fifth largest crypto investment product. Therefore, it comes second in the altcoin class after Ethereum (ETH). Coinshares added: “Most other altcoins saw inflows last week, most notable were Cardano, Polkadot and relative newcomer ATOM, with inflows of US$1.8m, US$1.2m and US$0.8m respectively.” These statistics by Coinshares indicate that institutional crypto investments reached levels not seen in the last three months. The inflows witnessed correlate with the surge in the prices of Bitcoin and Ethereum. Bitcoin was up by 12.18% in the last seven days to hit $47,398 during intraday trading, according to CoinMarketCap. Ethereum was up by 13.44% during the same time frame to reach $3,394. Institutional investments have played an instrumental role in pumping more liquidity into the crypto market, leading