Digital asset investment vehicles establish record annual flows after one month of entries, according to the main corporate asset management company.
In its latest weekly Weekly Flows report of digital asset funds, Coinshares says that the products negotiated in exchange for crypto (FTE) enjoyed nearly a billion dollars at entries last week.
“Digital Asset Investment Products recorded a fourth consecutive week of entries, totaling $ 882 million worldwide. Entrances to year at the start of the year (YTD) are now 6.7 billion US dollars, approaching the peak of US $ 7.3 billion reached this year in early February.
We believe that the sharp increase in prices and entries is driven by a combination of factors: a global increase in the money supply of M2, stagnant risks in the United States and several American states approving Bitcoin as a strategic reserve asset. »»
While Canada and Hong Kong have seen $ 8 million and $ 4.3 million in outings, the United States has led the world with $ 840 million in entries, followed by Germany and Australia at $ 44.5 million and $ 10.2 million, respectively.
Bitcoin (BTC), as usual, appreciated the share of the lion of the entrances.
“Bitcoin dominated the entrances, attracting $ 867 million worldwide last week.
SUT ETSPs experienced $ 11.7 million in entries while Ethereum (ETH) vehicles have only seen $ 1.5 million.
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