Institutional crypto funds see largest capital inflows for 3 months

03/29 05:46

CoinShares data revealed on Tuesday, March 29, that institutional investments into cryptocurrencies are at the highest levels in three months, a sharp rise from the previous week which saw outflows of $47 million. The Digital Asset Fund Flows Report revealed that investment products for digital assets saw total inflows of $193 million last week, a level not seen since early December 2021. The last time investment levels were near the current figure was in the week ending on December 3rd, which saw $184 million worth of inflows. The fund flows had a big focus on Bitcoin (BTC), with just over 50% of the capital going into products based on BTC, which saw inflows totaling $98 million. Solana (SOL) was runner-up, seeing $87 million inflows for the week, a figure that CoinShares says is the “largest single week of inflows on record”. SOL-based funds now represent 36% of assets under management with institutional firms, the largest altcoin after Ethereum (ETH). Ether-based funds saw inflows last week totaling just $10.2 million.
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