Bitcoin boosts the market: A whopping $13.5 billion inflow in 2024

by digital asset management firm CoinShares, about $646 million was pumped into institutional crypto products last week, taking the year-to-date inflows to an all-time high of $13.8 billion.

For context, this figure was nearly 29% higher than than the total inflows recorded in the whole of 2021.The total assets under management dropped to $94.46 billion, marking a 3.5% drop from the week before. AuM, which is a measure of inflows and market value of the underlying asset of an ETF, is a barometer of the fund’s performance. The higher the value of AuM, the more appealing it becomes to potential investors.As highlighted earlier, the lion’s share of investments was grabbed by Bitcoin, the largest institutional crypto product. Funds tied to the king of cryptocurrencies witnessed inflows of $663 million last week.U.S.

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