Crypto funds hit all-time weekly record

Crypto and digital investment products hit an all-time record for weekly inflows. In CoinShares’ weekly report, it was stated that the investment in these products last week reached $2.9 billion, surpassing the previous week’s figure of $2.7 billion.

Crypto funds hit all-time weekly record

Last week was a record week for digital asset and crypto investment products. The products received $2.9 billion in investment. The total investment value since the beginning of the year reached $13.2 billion. This figure was about 30% more than the total of $10.6 billion in 2021.

Bitcoin again received the most investment

Of the $2.91 billion net investment, $2.8 billion went into Bitcoin funds. There was an outflow of $14 million from Ethereum funds and $2.7 million from Solana funds.

There was a big investment in Short Bitcoin

In the week when Bitcoin hit a historical record of $73,000, $26 million was invested in “short Bitcoin” funds. This figure was the largest investment in “short Bitcoin” funds in the last 1 year.

Polkadot came to the fore

Binance funds received $1.5 million, Litecoin funds received $2.3 million, Cardano funds received $1.2 million and Polkadot funds received $3.1 million.

USA is by far ahead

On a regional level, US ETFs again made a big difference. ETFs received $2.95 billion. Crypto ETFs in Brazil also received an investment of $23.7 million. Swedish funds received $21 million and Swiss funds received $32 million.

Grayscale is the largest crypto fund company with $37 billion under management, while BlackRock’s iShares ranked second with $16 billion.

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