Institutional Buyers Continue to Invest in Cryptocurrency Market

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Cryptocurrency News

Institutional Buyers,Cryptocurrency Market,Digital Asset Investment

Institutional buyers are showing continued interest in the cryptocurrency market as digital asset investment products experience their seventh consecutive week of inflows. Bitcoin remains the dominant player in this activity, accounting for the majority of the inflows. According to CoinShares, the total assets under management of digital asset products increased by $293 million last week, marking the second-highest week of inflows in the past year. The 7-week running total has now surpassed $1 billion, with year-to-date inflows reaching $1.14 billion. This total is the third-highest yearly inflow on record. The recent inflows and price appreciation have led to a 9.6% increase in total assets under management over the past week and a 99% increase since the beginning of the year. The current total assets under management of digital asset products stand at $44.3 billion, the highest since the major crypto fund failures in May 2022.

(Kitco News) - Institutional buyers continue to engage with the cryptocurrency market as digital asset investment products saw their seventh consecutive week of inflows during the week ending Nov. 10, with Bitcoin (BTC) accounting for the lion’s share of activity. According to the latest digital asset fund flows report from CoinShares, the total assets under management of digital asset products rose $293 million last week, making it the second-highest week of inflows for the past year.

The new inflows brought the 7-week running total above the $1 billion mark and the year-to-date inflows to $1.14 billion. CoinShares said the $1.14 billion total is now the third-highest yearly inflow on record. Weekly crypto asset flows. Source: CoinShares “As a result of these inflows and recent price appreciation, total assets under management have risen 9.6% over the last week and 99% since the beginning of the year,” said James Butterfill, head of research at CoinShares. “At US$44.3bn, total AuM is now the highest since the major crypto fund failures in May 202

 

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