Institutional Crypto Investors Poured Only Minor Inflows of Capital into Digital Asset Investment Products Last Week: CoinShares

Digital assets manager CoinShares says that institutional crypto investors poured only minor inflows of capital into digital asset investment products last week.

Institutional crypto investors showed little enthusiasm last week, pouring only minor inflows of capital into digital asset investment products, according to Digital assets manager CoinShares.

In its latest Digital Asset Fund Flows report, CoinShares noted that Ethereum (ETH) competitor Solana (SOL) institutional crypto investment products saw record outflows last week. This comes amid an apparent loss of interest in memecoins.

“Solana saw outflows of $39 million, marking the largest on record, as it faced a sharp decline in trading volumes of memecoins, on which it heavily relies.”

CoinShares also highlighted that last week marked a huge drop in trading volumes for institutional investment products. This was due to a change in expectations of the Federal Reserve’s next move.

“Weekly trading volumes on institutional investment products fell to nearly 50% of the week prior at $7.6 billion, as recent macroeconomic data implied the FED were less likely to cut interest rates by 50 basis points in September.”

Breaking down the geographical distribution, the Americas, including the United States, Canada, and Brazil, brought in a combined $78.4 million in inflows. In contrast, Switzerland and Hong Kong combined for outflows of $44 million.

The leading cryptocurrency by market capitalization, Bitcoin (BTC), institutional investment products led the way with the most inflows at $42 million.

Meanwhile, ETH and XRP products brought in $4.2 million and $0.2 million, respectively, and multi-asset investment vehicles saw $21 million in inflows.

CoinShares’ Digital Asset Fund Flows Focus on Institutional Investors

CoinShares’ Digital Asset Fund Flows report provides an overview of the latest trends in institutional investment in digital assets. The report covers a wide range of topics, including the total amount of capital flowing into and out of digital asset investment products, the performance of different types of digital assets, and the geographical distribution of institutional crypto investment.

The report is based on data from CoinShares, which tracks the flows of capital into and out of digital asset investment products. These products are typically offered by investment firms and allow institutional investors to gain exposure to digital assets without having to purchase and hold them directly.

CoinShares’ latest report showed that institutional crypto investors lost interest in Solana last week, with its institutional crypto investment products facing a sharp decline. This comes as the broader market faced a huge drop in trading volumes for institutional investment products.

However, the leading cryptocurrency by market capitalization, Bitcoin (BTC), led investment products with the most inflows, while ETH and XRP products also saw inflows.

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