Institutional investors just bought an overall total of $619 million in Bitcoin and crypto assets in one week, according to a new update from CoinShares.
The outflows came despite significant late-week outflows.
Crypto products saw $1.44 billion in inflows during the first three days, then $829 million flowed out on Thursday and Friday amid market volatility tied to rising oil prices.
Bitcoin led the gains with $521 million in inflows, while Ethereum drew $88.5 million. Solana added $14.6 million. Smaller inflows went to Uniswap and Chainlink at $1.4 million each.
XRP was the outlier, with $30.3 million in outflows.
Short-Bitcoin products also took in $11.4 million, showing divided views.
U.S. investors drove the positive flows with $646 million in new money. Europe saw $23.8 million in outflows. Smaller outflows hit Asia and Canada.
CoinShares says the numbers highlight resilient investor sentiment toward digital assets during geopolitical stress from the attacks on Iran and weak payroll data.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
No Comment! Be the first one.